Crypto Tax Calculator 2024 - 2025

Quickly calculate federal and state taxes on crypto gains to estimate your tax bill with our free tool. 

2024 Crypto Tax Calculator

Estimate your crypto tax for the period 1/1/2023 - 31/12/2023

$10,000.00
Disclaimer: This information is only intended as a general estimate for USA capital gains taxes and assumes that all amounts are provided in USD. It does not include the potential effects of losses carried over from prior years, deductions, tax credits, or capital losses that may offset your capital gains. See a qualified tax advisor for details.

Got a complex trading history?

Short & long-term trades, income, DeFi, LPs? No problem. Simply connect your platforms and wallets to Koinly to get a complete overview of your crypto tax liability, free of charge.

How to calculate crypto taxes with our tax calculator

  1. Select the year you’re filing for

  2. Choose whether you’re figuring out taxes for a single trade or your overall gains (multiple trades)

  3. Fill in your figures

  4. Pick your state and filing status

  5. Switch short or long-term gains toggle on or off

  6. Check your estimated tax bill

How do we estimate your capital gains taxes?

Our tax tool uses the information you’ve provided to identify your state and federal tax rate and the tax brackets you fall into based on your filing status and location. These tax rates are then applied to the capital gains figures you’ve entered to calculate your estimated bill. If your income overlaps different tax brackets, we apply these tax brackets proportionally to give you an accurate estimation of your bill.

We use the IRS, state government sites, and the Tax Foundation as sources for federal and state tax rates. Our capital gains tax calculator does not factor in any losses you may have incurred in previous years, local or city income taxes, assets that may be taxed at a higher rate, or any specific state legislation that may apply additional taxes to gains.

What if I don't have the information I need to use the capital gains tax calculator?

If you don’t know your figures, don’t panic - Koinly can figure them out for you. When you import your trading history to Koinly, it does all the hard work for you, including identifying your cost basis and the fair market value of any crypto income. It even factors in deductible trading fees, all automatically.

How Koinly calculates crypto taxes

Koinly makes crypto tax simple, whatever your transactions.

1. Connect accounts

Koinly supports more than 800+ exchanges, wallets, and blockchains automatically in most instances. Simply add your public address, API key, or upload a CSV file to import your data.

2. Review transactions

Check your data is imported correctly and your figures are accurate with automatic error detection and guides to help you every step of the way.

3. Generate tax report

Upgrade to a paid plan from $49 and generate the tax reports you need, however, you file. With 20+ crypto tax reports including IRS Form 8949 & Schedule D, TurboTax reports, and income reports, as well as the option to simply invite your accountant to handle it for you.

Join 1 million+ investors using Koinly

Sign up to Koinly free today to calculate your crypto gains, losses, income, and more.

FAQs

What are capital gains?
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