"2023: A Guide to 0% Capital Gains Tax for Crypto Investors"

Crypto investors who fall into the 0% long-term capital gains bracket may have an opportunity to owe zero taxes on their cryptocurrency gains in 2023. This strategy, known as "tax gain harvesting," involves strategically selling profitable crypto held in brokerage accounts and immediately repurchasing it. By doing so, investors can recognize the gain without incurring any tax liability. This approach is considered a wiser strategy than tax loss harvesting, which only defers future tax payments. To qualify for the 0% long-term capital gains rate, individuals must have taxable income of $44,625 or less for single filers and $89,250 or less for married couples filing jointly in 2023.