Your income, marriage status, and how long you held the investment impact how much you what can u buy with bitcoin have to pay in taxes. Making more money will push you into higher income tax brackets, and filing single can raise your capital gains taxes if you earn over $434,550 per year. On the other hand, if you held onto your Bitcoin for over a year, you would save on capital gains taxes.&; FinanceBuzz is an informational website that provides tips, advice, and recommendations to help you make financial decisions. We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information. Ultimately, you are responsible for your financial decisions. FinanceBuzz is not a financial institution and does not provide credit cards or any other financial products. FinanceBuzz.com does not make any credit decisions.