Crypto Tax Calculator

Easily calculate your crypto taxes with TokenTax's free cryptocurrency tax calculator.

$
$
$
$
$
$
Total capital gains: $0.00
Capital gains tax you will pay: $0.00
Tax TypeMarginal Tax RateEffective Tax RateTax Amount
Federal0.000.00$0
State0.000.00$0
Total$0

The results provided by this tool are for estimation purposes only. They do not account for local taxes, net investment income tax, either itemized or standard deductions, tax credits, or capital losses that could reduce your capital gains. For comprehensive advice, consult a professional tax advisor.

Trusted by the worlds best crypto investors

Use our free crypto profit calculator to determine crypto and Bitcoin profits and losses. Whether you're a seasoned trader or just starting, our Bitcoin profit calculator can help you make informed investment decisions. Then sign up for a TokenTax account for:

Easy Access to Your Transactions

TokenTax seamlessly integrates with your wallets and exchanges, providing a comprehensive overview of your gains, losses, and income.

Unrivaled Security

TokenTax adheres to the highest security protocols to protect your data and ensure your information remains secure.

Comprehensive Tax Reports

Stay ahead of your tax obligations with comprehensive reports, including calculations for FIFO, LIFO, Minimization, and a tax loss harvesting dashboard.

Preparing cryptocurrency taxes was quick and easy

I was able to prepare my tax return in about 30 minutes even though I was trading NFTs on a decentralized exchange. Everything went smoothly because the tech support reps were very helpful.

Eric Novinson

TokenTax Customer

TokenTax To Da Moon

The Token Tax gang are the people you want in your corner when you’re freaking out about all the degen chad trades you made last year. Their import integrations, responsive customer service, and “we’ll handle it” package offerings make you realize that even if you got rekt last year, with the help of the right tax specialists, you’re gonna make it.

Yanik Jayaram

TokenTax Customer

Super seamless

Switched to TokenTax and it was seamless. TokenTax’s features are amazing for crypto tracking including mining, staking, and DeFi. If they don’t have a feature to support that transaction, they are either currently working on it, or will manually import your csv file FOR YOU!! Amazing.

Marty McFly

TokenTax Customer

Excellent crypto tax software!

Excellent software. I tried many others and TokenTax continuously updates to ensure it recognizes most platforms out there, especially DeFi. When I had questions or issues, their online chat representatives were quick to reply and help resolve every situation.

Joseph

TokenTax Customer

The product is excellent

This product is excellent, and the team behind it is helpful and prompt. I had an issue which required customer support, and it was resolved quickly and efficiently.

Roy Vreeland

TokenTax Customer

Great software

Great software. Makes life much easier than having to manually keep a track of transactions. If you are trading crypto you defo want to be using TokenTax. Also, their customer service is outstanding.

Montie

TokenTax Customer

Fast, reliable, and excellent customer service

This was my first year utilizing Token Tax for reporting crypto trades. The process was so fast and easy that I was able to import all my trade data from 6 exchanges (5 CEX & Uniswap) and create a crypto 8949 report in the same day.

Nick DiCandia

TokenTax Customer

Look nowhere else, use TokenTax

If you are in the crypto world you should be using TokenTax, no questions asked. This site is so easy and smooth to use. When I first watched the video, I said no way it’s that easy, and you know what? It was. The API integrations worked smoothly with the exchanges. Great Customer Service.

Lolu

TokenTax Customer

What is a crypto tax calculator?

A crypto taxes calculator is a specialized tool designed to automatically determine the tax liabilities associated with your cryptocurrency transactions.

By connecting directly to hundreds of exchanges and wallets, including Coinbase, Binance, and MetaMask, TokenTax simplifies the calculation of your gains, losses, and income, providing you with a detailed tax report at the click of a button.

How does the crypto tax calculator work?

TokenTax’s free crypto tax calculator connects to your crypto exchanges and wallets, aggregates your transaction history, and applies the latest tax rules to calculate your tax liabilities. This includes sorting between capital gains and income based on the duration of coin holding and the nature of transactions.

How is cryptocurrency taxed?

In the US cryptocurrency is treated as property for tax purposes. This means that dispositions such as sales or exchanges trigger capital gains or losses, while earnings through mining or staking are considered income.

Calculating capital gains

Calculate your crypto capital gains or losses by subtracting the cost basis (the price at acquisition) from the sale price of your crypto. TokenTax facilitates this by automatically fetching transaction details and applying the appropriate tax rules for short-term or long-term gains.

Important things to know about crypto taxes

Understanding the nuances of crypto taxes can significantly affect your tax reporting and planning. Here are some key things to consider:

Your location matters

Your state of residence can affect the calculation of state taxes, which are added to your federal tax obligations. Taxpayers outside the US can refer to our helpful country guides.

Know your filing status

Different filing statuses can affect your tax rates and liabilities. Our platform at TokenTax helps you understand which status best applies to your situation. When in doubt, our crypto tax professionals for guidance.

The importance of your annual income

Your annual income determines which tax bracket you fall into, directly affecting your capital gains tax rates.

Fees in relation to your tax bill

Fees paid for acquiring or selling crypto can adjust your cost basis and sale proceeds, potentially reducing your taxable gains.

Length of ownership

The duration you hold a cryptocurrency affects whether gains are taxed as short- or long-term, significantly impacting the tax rate applied. Crypto you’ve held for less than a year is subjected to typically higher short-term capital gains rates.

Expert tips on lowering your crypto taxes

Explore strategies such as holding crypto long-term, harvesting tax losses, and utilizing retirement accounts to manage your crypto investments in a tax-efficient manner. Learn more about how to reduce your crypto taxes.

Crypto tax calculator FAQs

How much will I be taxed on crypto?

The tax rate depends on whether your gains are short- or long-term, your income level, and your specific state or region. Crypto received as income is taxed like regular income, as is crypto received from staking upon receipt. Learn more about crypto staking taxes.

Are there any free crypto tax calculators?

TokenTax offers the best crypto tax calculator available online, which estimates taxes based on simple inputs. Our premium plans offer more comprehensive features.

What is the cost basis in a crypto tax calculator?

Your crypto cost basis is the original value of a crypto asset for tax purposes, adjusted for associated fees. This cost basis is used to determine capital gains or losses.

What is the easiest way to calculate crypto taxes?

The easiest way is to use TokenTax’s crypto tax calculator. This tool automates the entire process from data import to report generation, ensuring accuracy and compliance with current tax laws. When in doubt, consult a crypto tax professional.

Let’s get started.

Check out our plans and pricing to find out which solution best meets your needs.

Review plans