2023 Tax on Bitcoin Trades:

short-term trades (less than a year)

-gains will add to w2 income

-could go into higher tax bracket

long-term trades

-gains tax range from 0 to 20% depending on income and marital status

-single: 0% rate up to $41,675;

15% rate $41,676 to $459,750

20% rate over $459,750

-married filing jointly:

0% rate up to $83,350

15% $83,351 to $517,200

20% rate over $517,200

it pays to HODL your Bitcoin