Introduction
When you sell crypto for more than you paid, you owe tax on the profit. When you sell for less, you may be able to use that loss to lower your tax bill. Either way, you need to know the numbers. This free crypto tax calculator does the math for you in seconds.
Enter your income, pick your country, and add your trade details. The tool figures out your capital gains tax, shows whether your gain is short-term or long-term, and breaks down exactly how much you may owe. It covers the United States, Canada, Australia, and the United Kingdom and applies the correct federal rates, state or provincial taxes, and any extra levies like the U.S. Net Investment Income Tax.
You can calculate a single trade or add multiple trades at once to see your total tax bill across all of them. The calculator also compares what your tax would look like under a different holding period so you can see how timing affects your bottom line. Every result includes a step-by-step breakdown and clear charts so nothing is hidden.
How to Use Our Crypto Tax Calculator
Enter details about your income, location, and crypto trades below. The calculator will estimate how much tax you owe on your crypto gains and show your net profit after tax.
Tax Year: Pick the tax year you want to calculate for — 2024, 2025, or 2026.
Country / Tax Regime: Select the country where you file taxes. Choose from the United States, Canada, Australia, or the United Kingdom. Tax rules and rates update automatically.
Filing Status: Choose how you file your taxes. Options change based on your country. For the US, this includes Single, Married Filing Jointly, and others.
Annual Taxable Income: Enter your total taxable income for the year, not counting crypto gains from this calculator. This sets which tax bracket applies to your gains. If you need help determining your annual taxable income, our income tax calculator can help.
State or Province: Type or select your state or province. This adds the correct regional tax rate. You can also override it with a custom rate if needed. This field only appears for US and Canadian filers.
Trade Mode: Choose Single Trade to calculate one transaction or Multiple Trades to add and calculate several at once.
Acquisition Method: Pick how you got the crypto — by purchasing it, receiving it as pay for services, or trading goods for it. This determines your cost basis.
Purchase / Acquisition Date: Enter the date you first received or bought the crypto.
Purchase Price: Enter the price you paid for the crypto, or its fair market value when you received it as payment or through a trade.
Sale / Disposal Date: Enter the date you sold or disposed of the crypto. This must be on or after the purchase date.
Sale Amount (Proceeds): Enter the total amount you received when you sold the crypto.
Transaction Fees: Enter any fees you paid, such as exchange fees, gas fees, or network fees. These reduce your taxable gain.
Held for More Than 1 Year: The calculator sets this automatically from your dates. Use the toggle to override it manually if needed. Assets held over one year qualify as long-term and are usually taxed at a lower rate.
Click Calculate to see your estimated tax, effective tax rate, net gain after tax, a step-by-step breakdown, and a comparison of short-term versus long-term tax outcomes.
How Crypto Is Taxed: What You Need to Know
When you sell cryptocurrency for more than you paid, the profit is called a capital gain, and you owe taxes on it. If you sell for less than you paid, you have a capital loss, which can lower your tax bill. The IRS and most tax agencies around the world treat crypto like property, not currency. That means every time you sell, trade, or spend crypto, it counts as a taxable event. If you want to track how much profit you made on a specific crypto position before worrying about taxes, try our crypto profit calculator.
Short-Term vs. Long-Term Capital Gains
How long you hold your crypto before selling matters a lot. If you hold it for one year or less, your profit is a short-term capital gain. Short-term gains are taxed at your regular income tax rate, which can be as high as 37% in the United States. If you hold it for more than one year, your profit is a long-term capital gain. Long-term gains get lower tax rates — usually 0%, 15%, or 20% for U.S. filers. Holding longer can save you a significant amount of money in taxes. You can use our capital gains tax calculator for a broader look at how capital gains are taxed across different asset types like stocks and real estate.
What Counts as Your Cost Basis
Your cost basis is what you originally paid for the crypto, including any fees. If you received crypto as payment for work or through a trade, the fair market value at the time you received it becomes your cost basis. Your taxable gain or loss is simply your sale price minus your cost basis minus any transaction fees. If you are also calculating gains on stock trades, our stock profit calculator works the same way for equities.
Other Taxes That May Apply
In the U.S., high earners may also owe the Net Investment Income Tax (NIIT), an extra 3.8% on investment income. Your modified adjusted gross income (MAGI) determines whether this surtax applies. State taxes can add even more on top of federal taxes. In Canada, only 50% of your capital gain is taxable. In Australia, you get a 50% discount on gains from crypto held over a year. In the UK, you have a tax-free allowance before capital gains tax kicks in. For UK property transactions, the stamp duty calculator covers that separate tax.
Capital Losses and Tax-Loss Harvesting
If you sold crypto at a loss, you can use that loss to offset other capital gains. In the U.S., if your losses exceed your gains, you can deduct up to $3,000 of the remaining loss from your ordinary income each year. Any leftover loss carries forward to future tax years. This strategy is called tax-loss harvesting, and it is a common way to reduce what you owe. If you are building a long-term crypto position using a regular buying schedule, our DCA calculator can help you plan your dollar-cost averaging strategy alongside your tax planning. You can also use the tax refund calculator to estimate whether harvested losses might increase your refund at filing time.