Cryptocurrency Tax Calculator
Calculate potential taxes on your cryptocurrency gains based on your holding period and income level.
Category: Calculator
Frequently Asked Questions
How are cryptocurrencies taxed?
In most jurisdictions, cryptocurrencies are treated as property for tax purposes. This means when you sell, trade, or use cryptocurrency, you may incur capital gains tax. The tax rate depends on your holding period (short-term vs. long-term) and your income level.
What's the difference between short-term and long-term capital gains?
Short-term capital gains apply to crypto assets held for one year or less and are typically taxed at your ordinary income tax rate. Long-term capital gains apply to assets held for more than one year and usually have lower tax rates, often 0%, 15%, or 20% depending on your income bracket.
Do I owe taxes if I just buy cryptocurrency?
Generally, simply purchasing cryptocurrency with fiat currency (like USD) is not a taxable event. However, selling, trading for another cryptocurrency, or using crypto to purchase goods or services are all taxable events that may trigger capital gains tax.