Crypto Tax Calculator
Calculate your cryptocurrency capital gains tax obligations. Estimate taxes for different jurisdictions and holding periods.
💰 Tax Calculation
⚠️ Important Disclaimer
This calculator provides estimates only. Consult with a qualified tax professional for personalized advice. Tax laws vary by jurisdiction and change frequently.
📋 Tax Information
Taxable Events
- Selling crypto for fiat currency
- Trading between cryptocurrencies
- Using crypto for purchases
- Receiving staking rewards
- Airdrops and hard forks
Common Tax Rates
- USA: Short-term 10-37%, Long-term 0-20%
- UK: 10-20% depending on income
- Canada: 50% of gain at marginal rate
- Germany: Tax-free after 1 year holding
- Australia: 50% discount after 12 months
Record Keeping
Maintain records of:
- Purchase dates and prices
- Sale dates and prices
- Transaction fees
- Wallet addresses
- Exchange statements
📊 Tax Results
Tax Breakdown
How Tax is Calculated
Basic Tax Formula
This calculation assumes a flat tax rate. Actual tax calculations may involve progressive tax brackets and additional factors.
Example Calculation
Net proceeds = $10,000 – $2,200 = $7,800
💡 Tax Tips
Tax-Loss Harvesting
Sell losing positions to offset gains:
- Offset unlimited capital gains
- Offset up to $3,000 of ordinary income
- Carry forward excess losses
- Avoid wash-sale rules
Holding Period Strategy
Hold assets long-term for better rates:
- US: 0-20% vs 10-37% for short-term
- UK: 10% vs 20% for higher earners
- Australia: 50% discount after 1 year
- Germany: Tax-free after 1 year
Documentation
Keep thorough records:
- All transaction history
- Wallet addresses and keys
- Exchange statements
- Professional tax advice
Understanding Crypto Taxation
Cryptocurrency taxation varies significantly across different jurisdictions. Most countries treat crypto as property for tax purposes, meaning capital gains rules apply when you dispose of your cryptocurrency.
Key Tax Concepts
- Cost Basis: The original value of an asset for tax purposes
- Capital Gain/Loss: Difference between sale price and cost basis
- Holding Period: How long you held the asset before selling
- Taxable Event: Any transaction that triggers tax consequences
- FIFO/LIFO: Methods for determining which assets were sold
Global Tax Treatment
United States
Cryptocurrency is treated as property by the IRS. Short-term gains (held less than 1 year) are taxed as ordinary income, while long-term gains benefit from preferential rates.
United Kingdom
Capital Gains Tax applies to crypto disposals. The tax-free allowance is £6,000 (2023-24), with rates of 10% or 20% depending on your income tax band.
Canada
50% of capital gains are included in taxable income. The inclusion rate is applied to your marginal tax rate.
Australia
Capital Gains Tax with 50% discount for assets held longer than 12 months. Crypto-to-crypto trades are taxable events.
Tax Planning Strategies
Timing Your Sales
Consider the timing of your cryptocurrency sales to optimize tax outcomes:
- Sell in years with lower overall income
- Hold assets for qualifying periods
- Coordinate with other investment gains/losses
- Consider tax bracket boundaries
Using Tax-Advantaged Accounts
Where possible, use retirement and savings accounts that offer tax benefits for cryptocurrency investments.
Charitable Contributions
Donating appreciated cryptocurrency to qualified charities can provide tax benefits while avoiding capital gains tax.