US cryptocurrency investors must file their 2024 tax returns by April 15, 2025. Short-term crypto gains (held less than a year) are taxed as ordinary income (10%-37%), while long-term gains (held over a year) benefit from reduced rates (0%, 15%, or 20%). Taxable events include selling, trading, or spending crypto, whereas holding or transferring between wallets does not trigger taxes. Crypto mining, staking, and airdrops are considered income and are taxed accordingly. Investors must track all transactions to correctly report gains or losses. For tax purposes, cryptocurrencies are treated as property, and accurate records of dates, amounts, and values must be maintained.

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