Cryptocurrency Tax Calculator 2024-2025

When you sell cryptocurrency, you'll owe capital gains taxes on any profits generated from the crypto sale. This is the same tax you pay when you sell traditional investments, like stocks or mutual funds.

The crypto tax rate you pay depends on how long you held the cryptocurrency before selling. If you held it for a year or less, you'll pay the short-term rate, which is equal to ordinary income tax rates. If you owned it for more then a year, you'll pay the long-term rate, which is lower.

You can estimate what your tax bill from a crypto sale will look using the crypto capital gains tax calculator below. The calculator is for sales of crypto in 2024, with taxes owed in 2025. You'll need to know the price you bought and sold your crypto for, as well as your taxable income for the year.

When it's time to file, you'll need to record the details of each individual crypto transaction. This can be done by hand, but it becomes cumbersome if you make hundreds of sales throughout the year. Unlike many traditional stock brokerages, it's not common for crypto exchanges and tax preparation software to communicate seamlessly.

» Check out some of the best crypto wallets.

You can use crypto tax software, which organizes and moves crypto sales information to popular tax preparation software, like TurboTax.