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Crypto & tax

Crypto Tax Calculator

Estimate your crypto capital-gains tax with FIFO, LIFO, or HIFO cost basis — split into short- and long-term at 2025 federal rates.

Cost-basis method — changes which lots are sold
Transactions4
$
$
$
$
Filing status
Other taxable income Excluding crypto
$
Estimated tax owedFIFO
$1,860
short-term gains$3,000
long-term gains$8,000
short-term tax$660
long-term tax$1,200
total gains
$11,000
estimated tax
$1,860
effective rate
16.9%
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How crypto capital gains are calculated

The IRS treats cryptocurrency as property. Each time you sell, swap, or spend crypto you realize a capital gain or loss equal to proceeds minus your cost basis. Your cost-basis method decides which purchase lot is matched to each sale.

capital gain = proceeds − cost basis (of the matched lot)

Held one year or less, the gain is short-term and taxed at your ordinary income rate. Held longer than a year, it's long-term at preferential 0/15/20% rates. This tool stacks your gains on top of your other income to estimate the tax; losses offset gains.

Common questions

How is crypto taxed in the US?
The IRS treats crypto as property. You owe capital-gains tax when you sell, trade, or spend it — the gain is your proceeds minus your cost basis. Simply buying and holding isn't taxable.
What's the difference between FIFO, LIFO, and HIFO?
They decide which lot you're deemed to sell. FIFO sells your oldest coins first, LIFO your newest, and HIFO your highest-cost first. HIFO usually minimizes gains, but you must use your method consistently and keep records.
Short-term vs long-term capital gains?
Held one year or less: short-term, taxed at your ordinary income rate. Held more than a year: long-term, taxed at 0%, 15%, or 20% depending on your total income — often a big saving.
Do I owe tax if I only bought crypto?
No. Buying and holding creates no taxable event. Tax is triggered when you dispose of crypto — selling for cash, swapping one coin for another, or spending it.

How we calculate this

Per-lot matching (FIFO/LIFO/HIFO), 2025 ordinary brackets for short-term and 0/15/20% long-term rates, stacked on your other income. Estimates only — not tax advice.

Full methodology & sources →
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Estimates are for general informational purposes only and do not constitute tax advice. Crypto tax rules are complex (wash sales, staking income, airdrops, gifts, and more are not modeled here). Consult a licensed tax professional and keep your own records.