Calculate your capital gains tax in your location with our free calculator.
What is a Crypto Tax Calculator?
Crypto tax calculators like CoinLedger can help you generate a comprehensive tax report in minutes.
Remember, the calculator featured above is a simplified version to give a rough estimate of your taxes owed. If you’re looking to find the total tax impact for all of your cryptocurrency transactions across your entire portfolio, CoinLedger can help.
CoinLedger directly connects to hundreds of exchanges like Coinbase and wallets such as MetaMask. Simply connect your accounts and let CoinLedger calculate your gains and losses across all of your transactions. Once you’re done importing, you can generate a comprehensive crypto tax report with the click of a button.
Today, over 500,000+ crypto investors leverage CoinLedger to automate the entire crypto tax calculation process. Sign up for a free account here.
About our free crypto tax calculator
Wondering how our free crypto tax tool works? Let’s answer a few frequently asked questions.
How is cryptocurrency taxed?
In the United States, cryptocurrency is considered a form of property and is subject to capital gains and income tax.
When you dispose of your cryptocurrency, you’ll incur a capital gain or loss depending on how the price of your crypto has changed since you originally received it. Examples of disposals include selling your crypto or trading it for another cryptocurrency.
When you earn cryptocurrency, you’ll recognize income based on the fair market value of your crypto at the time of receipt. Examples of crypto income include mining rewards, staking rewards, and airdrops.
Our free crypto tax tool is designed to help you estimate the tax impact of your cryptocurrency disposals only.
How do you calculate my capital gains?
Our free tool calculates your capital gains through the following formula.
Capital Gain/Capital Loss = Gross Proceeds - Cost Basis
Once you’ve entered your capital gains and losses, we’ll estimate your tax bill using up-to-date federal and state tax rates for long-term and short-term capital gains.
Do fees reduce my tax bill?
Fees directly related to buying cryptocurrency can increase your cost basis (your cost for acquiring your crypto). Fees directly related to selling your crypto can reduce your gross proceeds (what you receive when you dispose of crypto). In either case, fees reduce your total capital gain.
Why is my annual income important?
In the United States, how much tax you pay on cryptocurrency varies depending on your annual income. Generally, the higher your income, the higher your tax liability.
Why is my length of ownership important?
If you dispose of your cryptocurrency after 12 months, you’ll pay the long-term capital gains rate which ranges from 0-20%. If you dispose of your cryptocurrency after less than 12 months, you’ll pay the short-term capital gains rate which ranges from 10-37%.
What is filing status?
Your filing status can impact your tax bill and determine the type of tax forms that you need to fill out. Currently, there are five filing status options you can claim on your tax return: head of household, qualified widow(er), married filing jointly, married filing separately and single.
Why is my location important?
Your state of residence is needed to calculate the impact of any state taxes.
How do Ilower my cryptocurrency taxes?
Here are a few strategies that can help you lower your cryptocurrency taxes.
- Use tax loss harvesting to offset capital gains and income
- Hold your assets for the long-term to take advantage of lower tax rates
- Buy cryptocurrency in a self-directed IRA
- Give cryptocurrency donations to registered charities
- Take profits from cryptocurrency in a low-income year
Frequently asked questions about cryptocurrency taxes
How is cryptocurrency taxed?
How much tax do I pay on crypto?
How do Icalculate my crypto taxes?
How do I avoid crypto taxes?
Why do I need a crypto tax calculator?
What is the best crypto tax calculator?
What Our Customers Say
Jun 16, 2021
AWESOME EXPERIENCE!!!
I went to CoinLedger this year because a friend of mine recommended them. I was connected with a human who walked me right through everything. It is so nice knowing I won’t have to dread crypto taxes!
Jay
US
Dec 12, 2022
I tried couple of other Crypto tax...
I tried couple of other Crypto tax platforms and I cansurely say that Coinledger.io was the best. They help you all the way through the end before you have to pay anything at all. They have great featureslike intuitive UI, ease of use /UX, fast app performance and great customer service agents like Aimee, who helped through the process and also checked things in the backend before a paid single penny. Kudos to the team. I will be a return customer. PS: No, they did not give me any discounts to post this. :)
Jason
US
Jun 15, 2021
I’m a noob to crypto - Love CoinLedger
The customer service is insanely good. E-mails are typically answered within hours (sometimes faster) by folks that clearly understand crypto taxes and really seem to care. If only the exchanges were so good! Worth the $$$. Zero regret.
Robert
US
Mar 6, 2021
Great Product!
Easier than I thought it would be! Just knowing next year will be just as easy is comforting.
Kirk B
US
Sep 6, 2021
Best few $$ I ever spent
I dragged my feet for months in completing my taxes, but now it’s Sept and the dreaded tax deadline is looming. I found CoinLedger and in 15 min I was done. Unreal! Thank You!
Michelle D
US
Nov 25, 2021
Excellent product
Excellent product, excellent customer service — Jon helped me out back and forth multiple times over several days to help me solve a problem and answer questions about crypto taxes in general.
Reiko Rivera
US
Mar 17, 2021
I can’t say enough good things
I was apprehensive about trying to file taxes with my limited knowledge on the topic. I tried for several hours to do it myself. With CoinLedger, I was done with the filling process in 10 minutes.
