Crypto Tax Calculator 2025: Complete Guide to Cryptocurrency Taxes
The IRS treats cryptocurrency as property, so every sale, trade, or use triggers a taxable event. Our Crypto Tax Calculator helps you estimate capital gains tax using 2025 rates—short-term (ordinary income) or long-term (0%, 15%, 20%). This guide covers IRS rules, FIFO vs LIFO, airdrops, staking, mining, and compliance tips.
How Crypto Taxes Work
Capital Gain/Loss = Sale Price − Cost Basis
- Short-Term (≤1 year): Taxed at ordinary income rates (10%–37%)
- Long-Term (>1 year): 0%, 15%, or 20% based on income
Every trade (BTC to ETH) is taxable. Use FIFO, LIFO, or Specific ID for cost basis.
2025 Long-Term Capital Gains Rates
| Filing Status | 0% Up To | 15% Range | 20% Above |
|---|---|---|---|
| Single | $47,025 | $47,026 – $609,350 | $609,351 |
| Married Joint | $94,050 | $94,051 – $731,200 | $731,201 |
| Head of Household | $63,000 | $63,001 – $609,350 | $609,351 |
Taxable Crypto Events
- Selling for fiat
- Trading crypto-to-crypto
- Using crypto to buy goods/services
- Receiving airdrops, forks, staking rewards, mining income
Losses can offset gains and up to $3,000 of ordinary income.
Cost Basis Methods
- FIFO: First In, First Out (default)
- LIFO: Last In, First Out
- HIFO: Highest In, First Out (minimizes gains)
- Specific ID: Choose exact lots (requires records)
IRS Reporting
Report on Form 8949 and Schedule D. Exchanges send 1099-B or 1099-MISC. Keep records for 3–7 years.
Common Crypto Tax Mistakes
- Forgetting crypto-to-crypto trades
- Missing airdrop/staking income
- Using wrong cost basis method
- Not harvesting tax losses
Tax-Loss Harvesting
Sell at a loss to offset gains. Wash sale rule does NOT apply to crypto—repurchase immediately.
Staking & Mining Taxes
- Staking Rewards: Ordinary income at FMV when received
- Mining: Income at FMV + self-employment tax
State Crypto Taxes
Most follow federal. No state income tax in FL, TX, WA, etc.
How to Use This Calculator
- Enter cost basis and sale price
- Select holding period
- Input total income and filing status
- Get instant tax breakdown
FAQs
Is crypto taxed differently than stocks? Same capital gains rules, but more events trigger tax.
Do I pay tax on wallet transfers? No, only when you sell or trade.
What if I lost my records? Use exchange export tools or blockchain explorers.
Conclusion
Accurate crypto tax calculation prevents IRS penalties. Use our 2025 Crypto Tax Calculator for quick estimates. For complex portfolios, pair with Capital Gains Tax Calculator or consult a tax pro. Stay compliant—calculate now!
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