Crypto Tax Calculator USA
Calculate your cryptocurrency taxes by state with accurate 2025 federal and state tax rates. Free, simple, and comprehensive.
Tax Calculator
Tax Summary
Understanding Crypto Taxes in the USA
Holding Period Matters
Crypto held for less than 1 year is taxed as ordinary income (10-37%). Crypto held for more than 1 year qualifies for lower long-term capital gains rates (0-20%).
State Taxes Vary
9 states have no income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. Other states range from 2.5% to 13.3%.
Taxable Events
Taxes are triggered when you: sell crypto for fiat, trade crypto for crypto, use crypto to buy goods/services, or earn crypto as income. Simply holding is not taxable.
Calculate Your Basis
Your cost basis includes the purchase price plus fees. Subtract this from your sale price to determine your capital gain or loss.
Keep Records
Maintain detailed records of all crypto transactions including dates, amounts, values in USD, and transaction types. The IRS requires accurate reporting.
Tax Loss Harvesting
You can offset capital gains with capital losses. Up to $3,000 of net losses can be deducted against ordinary income per year.
Frequently Asked Questions
How are cryptocurrency taxes calculated in the USA?
In the USA, cryptocurrencies are treated as property. When you sell or trade crypto, you realize a capital gain or loss. Short-term gains (held < 1 year) are taxed as ordinary income at rates up to 37%. Long-term gains (held > 1 year) are taxed at preferential rates of 0%, 15%, or 20% depending on your income.
What's the difference between short-term and long-term crypto taxes?
Short-term capital gains apply to crypto held for less than one year and are taxed at ordinary income tax rates (10-37%). Long-term capital gains apply to crypto held for more than one year and have lower rates (0%, 15%, or 20%).
Do I have to pay state taxes on cryptocurrency?
It depends on your state. States like Florida, Texas, Nevada, and Wyoming have no state income tax on capital gains. Others like California and New York have rates exceeding 10%. Always check your specific state's tax requirements.
How can I reduce my crypto tax burden?
Strategies include: holding crypto for over 1 year for long-term rates, tax-loss harvesting, using tax-advantaged retirement accounts, and keeping detailed records. Always consult with a tax professional for personalized advice.
Official Tax Resources & Guidelines
IRS - Internal Revenue Service
Official US Federal Tax Authority
Tax Foundation
Independent Tax Policy Research
Treasury Department
US Department of the Treasury
SEC & Financial Authorities
Securities and Exchange Commission