US Crypto Tax Calculator 2025/2026
Estimate your federal capital gains tax on crypto
Not Tax Advice — For Estimation Only
This calculator provides rough federal tax estimates only. It does not account for state taxes, the 3.8% Net Investment Income Tax (NIIT), deductions, credits, or your full tax situation. Always consult a licensed CPA or tax professional for accurate tax guidance. See our Crypto Tax Guide for more details.
Total amount you paid to acquire the crypto
Total amount you received when selling
Short-term (≤1 year) is taxed as ordinary income
Determines your tax bracket thresholds
Your taxable income before this crypto gain (wages, business income, etc.) — used to determine your tax bracket
2025 Federal Tax Brackets for Crypto
Long-Term Capital Gains (held >1 year)
Short-Term Capital Gains (held ≤1 year)
Taxed as ordinary income (single filer brackets):
Frequently Asked Questions About US Crypto Taxes
How does the IRS tax cryptocurrency?
The IRS treats cryptocurrency as property, not currency. Every sale, trade, or disposal of crypto is a taxable event. You must report gains and losses on Form 8949 and Schedule D of your federal tax return. The tax rate depends on how long you held the asset and your overall taxable income.
What is the difference between short-term and long-term capital gains?
If you held your crypto for one year or less before selling, the gain is short-term and taxed at your ordinary income tax rate (10%--37%). If you held it for more than one year, the gain is long-term and taxed at preferential rates of 0%, 15%, or 20%, depending on your taxable income and filing status.
What is the Net Investment Income Tax (NIIT)?
High earners may owe an additional 3.8% Net Investment Income Tax on capital gains. This applies if your modified adjusted gross income exceeds $200,000 (single) or $250,000 (married filing jointly). This calculator does not include NIIT -- consult a CPA if your income is near these thresholds.
What forms do I need to report crypto taxes?
You report crypto transactions on Form 8949 (Sales and Other Dispositions of Capital Assets) and summarize on Schedule D (Capital Gains and Losses). If you received crypto as income (mining, staking, airdrops), report it as ordinary income on Schedule 1 or Schedule C. Starting in 2025, exchanges must issue Form 1099-DA for digital asset transactions.
Does the US have a wash sale rule for crypto?
As of 2025, the wash sale rule (which prevents claiming a loss if you repurchase the same asset within 30 days) does not officially apply to crypto under current IRS guidance. However, proposed legislation could extend wash sale rules to digital assets in the future. Consult a tax professional for the latest rules.
Can I offset crypto losses against gains?
Yes. You can use capital losses to offset capital gains dollar-for-dollar. If your losses exceed your gains, you can deduct up to $3,000 of net capital losses against ordinary income per year ($1,500 if married filing separately). Remaining losses carry forward to future tax years.
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