The Best Crypto Tax Software for 2025: Top Tools for Easy & Accurate Tax Reporting

Using the best crypto tax software can help streamline your tax reporting efforts, and with cryptocurrencies becoming more mainstream, there’s never been a better time to get on the right side of the law. So, if you’re wondering what the best cryptocurrency tax calculator is, you’ve come to the right place.

In this article, we’ll introduce you to some of the best tools for tracking crypto transactions so you can take the first steps to ensure you meet your tax obligations. While taxes may not be the most intriguing subject, it’s vital that you follow best practices and pay the tax man. In fact, a wise man once said that taxes and death are the only certain things in life. With that being said, let’s dive in.

What is Crypto Tax Software?

Crypto tax software allows you to simplify the complex and time-consuming task of tracking, calculating, and reporting your crypto gains and losses for your tax obligations. As this is a difficult task, it’s easy to overlook important details, which can lead to incorrect tax reporting and potentially put you on the wrong side of the law.

One of the benefits of crypto tax software is that it can help you optimize your tax liability by calculating all tax deductions, ensuring that you pay the right amount of tax and not a dime more. Furthermore, for those who don’t know how to report crypto gains and losses, many of these tools link you with professionals who can help you every step of the way.

As cryptocurrencies become more widespread, more and more tax regulations are being introduced, resulting in different rules across jurisdictions. That’s why finding and using the best crypto tax return software is now more important than ever.

Do I Need Tax Software for Crypto?

While using crypto tax software is not required by law, producing accurate tax returns is. However, keeping track of your crypto transactions can be daunting, often very complicated, and overwhelming.

Therefore, you have two options: Hire an accountant, which could cost a fair amount of money, depending on the complexities of your case, or use a dedicated tool to ensure you comply with tax regulations and reduce the chance of reporting errors. The nice thing about these tools is that if you don’t know how to file crypto taxes, they can connect you with a professional who can ensure you remain compliant.

Speaking of compliance, different countries and regions classify cryptocurrencies differently. Let’s take a brief look at some of these classifications.

The following are some examples of taxable crypto-related activities:

• Selling crypto for fiat
• Trading one crypto for another
• Purchasing with crypto
• Receiving crypto as payment
• Mining and staking

These are only some of the crypto-related activities that come with tax implications. It’s important to note that tax obligations vary depending on your jurisdiction, which only highlights the importance of using crypto tax software when compiling your tax returns.

How Does Crypto Tax Software Work?

For those who don‘t know how to calculate crypto taxes automatically, you’re certainly not alone. Luckily, crypto tax software does exactly that. It also generates a tax report specific to your jurisdiction. This helps minimize the manual effort required, which, in turn, reduces the risk of errors.

You can connect these tools directly to crypto wallets and exchanges via API keys or import a CSV file with your transaction history. From there, the tool automatically calculates any gains and losses and includes in its calculations any taxable events like airdrops, staking, rewards, and mining income. It also takes into account how long you’ve been holding your crypto assets.

Expert Analysis – Best Crypto Tax Software Reviewed

Let’s take a deeper look at some of the best crypto tax software out there today.

1. CoinLedger – Top Choice for Beginners Thanks to its User-Friendly Interface and Affordability

Established in 2018, CoinLedger is a trusted crypto tax solution that you can use to manage not only your crypto tax returns but also your entire cryptocurrency investment portfolio. With over 630 software integrations, including some of the best crypto wallets and exchanges, CoinLedger simplifies the tax season by streamlining your calculations.

If you’ve performed a tax return before, you’ll know how complex the process can be. However, with CoinLedger, you can invite a tax professional to view your tax data and manage your reports directly on the platform. In other words, you can seamlessly collaborate with a professional consultant. If you don’t yet have a ‘tax guy,’ you can choose from a list of certified tax professionals.

Now, manually going through every transaction and listing which are taxable events can be tricky. Luckily, CoinLedger automates this process, which saves you time and mitigates any potential errors. However, you’ll need to check the result of this automation as, in some cases, you’ll need to make manual edits.

With that being said, CoinLedger can also calculate the cost basis of your transactions, which is important for figuring out potential capital gains. CoinLedger aggregates all of your transactions on the same chain to make the reconciliation process more convenient than ever before.

CoinLedger is easily one of the best crypto tax reporting solutions for your average crypto trader, and thanks to its professional suite of tools, it’s also a great solution for accountants and tax professionals. You can add your clients and review their tax data. Once they’ve generated their tax report, you can download it with a single click of a button.

VISIT THE OFFICIAL COINLEDGER WEBSITE TODAY

2. TokenTax – Excellent Choice for Tracking Your Tax Liability in Real Time Throughout the Year

TokenTax, like many crypto tax solutions, aims to make calculating and reporting your crypto taxes stress-free. With it, you can import your transaction data from any of the top crypto exchanges and wallets, including Binance and OKX, via a CSV file. Then, it will calculate metrics such as capital gains and losses and generate tax forms.

It’s worth noting that TokenTax prioritizes support for US taxpayers. This means that the reports for users outside of the US are limited to international gain or loss reports, $ETH gas fee reports, audit trail reports, and mining and staking income reports.

An interesting feature of TokenTax is real-time crypto tax liability tracking, which gives you a clear and accurate picture of your tax obligations well in advance. This allows you to plan ahead and properly prepare for the coming tax season.

Something else that could help you save a good chunk of money is its support for various calculation methods, namely first in, first out (FIFO) and last in, first out (LIFO), both of which affect your bottom line.

If you want to really drill down on tax-loss harvesting, the TokenTax dashboard helps you to identify trade opportunities where you can sell your digital assets at a loss to offset your capital gains. More experienced investors often capitalize on this strategy.

Finally, for a quick overview of a particular investment, you can use TokenTax’s free crypto tax calculator. It lets you quickly calculate investment results by inputting details like the investment amount, the buy and sell price, and other metrics to see the capital gains taxes you’ll need to pay.

This calculator helps you make more informed investment decisions, whether you’re a seasoned professional or are just starting out, and makes for an excellent addition to a full-fledged crypto tax solution.

VISIT THE OFFICIAL TOKENTAX WEBSITE TODAY

3. ZenLedger – Partnered with April to Become the First End-to-End Tax-Filing Solution in the Crypto Industry

ZenLedger is a specialized cryptocurrency tax solution. It’s one of the first providers to offer an end-to-end tax-filing experience, thanks to its integration with April, a fintech company that uses AI to modernize taxes.

Like many reputable crypto tax calculator solutions, ZenLedger connects to over 400 exchanges and wallets and makes automatic calculations based on various factors, including the cost basis, market value, and any potential gains and losses tied to your transaction history. More than that, once these calculations are done, you can download an auto-generated tax report.

This level of automation ensures accuracy and removes the need to manually calculate your transactions. However, similar to CoinLedger, it’s advised that you ‘proofread’ any reports to ensure no edits are required.

ZenLedger is committed to security and adheres to the Association of International Certified Professional Accountants (AICPA) and the Service Organization Control Type 2 (SOC 2) standard.

More than that, ZenLedger fosters a collaborative community by offering rewards in its bounty program. This program essentially asks the community to disclose any potential security risks responsibly to receive a reward.

One of ZenLedger’s standout features is its native ERC-721 NFT tax support. With this, you can calculate your non-fungible token liability tax more accurately.

VISIT THE OFFICIAL ZENLEDGER WEBSITE TODAY

4. Blockpit – Standout Choice to Monitor Your Crypto Portfolio and Tax Reporting in a Single Place

Blockpit, which recently purchased Accointing, is a crypto tax software that automates a large chunk of your crypto tax reporting efforts. It integrates with many of the best crypto exchanges and wallets and supports well over 250K crypto assets, making it a great choice for all crypto investors.

When it comes to investing in crypto, there’s a chance to see a loss at some point, so why not make that loss work for you in a positive way? That’s where one of Blockpits’ standout features comes in. Its tax-loss harvesting feature can recommend which assets to sell at a loss to offset your tax obligations and carry over additional losses to the next year.

Similar to TokenTax, Blockpit offers a free-to-use tax calculator that can give you a quick way to analyze your current tax liabilities. These liabilities can be based on a single investment or your overall investment portfolio.

While Blockpit was originally designed to help its founder calculate his crypto taxes, it has quickly grown into an advanced crypto tax solution that not only helps individuals but also has tools to help crypto tax agents (CTA) and accounting professionals. Its Tax Advisors section allows professionals to manage financial teams and clients in a single place for free.

More than that, with Blockpit, you can offer your services to a growing customer base of over 350K users as a professional. This allows you to grow a business and attract a large pool of clients looking for tax advice.

However, no software is perfect; the same is true for Blockpit. Many of its features are locked behind a paywall, and those using the free crypto tax software on offer can only add software integrations and access features for tracking their investment portfolio. If you want to see your tax calculations and pick your tax report format, you’ll have to opt for a paid version instead.

VISIT THE OFFICIAL BLOCKPIT WEBSITE TODAY

5. Crypto Tax Calculator – Best Crypto Tax Solution for Integrations With Over 3.5K to Choose From

Crypto Tax Calculator is another solid solution that can help you make light work of the complexities surrounding your crypto tax classifications and calculations.

It uses artificial intelligence (AI) to automatically categorize transactions and calculate capital gains and losses. It also highlights any areas that require manual inputs, making the often complex task of reporting your taxes easier.

Catering to both individuals and professionals, Crypto Tax Calculator (CTC) is a standout option that allows for over 3.5K software integrations, with 2.3K protocol integrations and over 160 exchanges, including top options like Bybit and MEXC.

Furthermore, with NFT support on more networks than many competitors and 48 DeFi integrations, CTC is among the best crypto tax software for DeFi and NFTs around.

One of CTC’s best features is its ability to mass-edit imported data. Unlike some of its competitors that rely on editing transactions by exporting a spreadsheet, making the edits, and re-importing the spreadsheet, CTC allows you to make mass edits from on the platform, cutting down the time it takes and improving the crypto tax experience.

Like many solutions, CTC offers a crypto portfolio tracking tool. However, the one on offer here is pretty basic. It only shows you information like your overall balance, cost base, and unrealized gains.

While this is a great starting point for newer investors, experienced traders might want to see more in-depth information like balance by wallet, trade statistics, and average purchase price, among other things. We certainly hope to see this in the future.

VISIT THE OFFICIAL CRYPTO TAX CALCULATOR WEBSITE TODAY

How We Choose the Best Crypto Tax Software

Choosing the best crypto tax software can be a daunting task. However, if you know what to look for, you can come fully prepared for the coming tax season. Below are some of the more important aspects to keep an eye out for when looking for a top crypto tax solution.

Best Crypto Tax Software – At-a-Glance Comparison

Below is a brief overview of the best tax software for crypto.

Final Thoughts – Which Crypto Tax Software Is Best for You?

Calculating your crypto taxes can be stressful, and if you don’t really know how, it can feel like you’re drowning. Luckily, the solutions we’ve listed above are in a position to throw you a lifeline.

While some countries don’t tax crypto, the fact that you’re reading this probably means you don’t live in one of those countries. This means crypto taxes are simply a part of life. The best thing you can do is use a dedicated crypto tax tool to streamline this complex process and potentially help you pay less taxes, depending on your circumstances.

Any one of these solutions will ensure your tax information is accurate and help you avoid penalties. However, it’s important that you do your own research before you trust your financial reporting to either software.

FAQs

1. What is the best crypto tax software in 2025?

If you’re just starting out, consider an affordable solution like CoinLedger. For the more experienced and successful traders with tens of thousands of yearly transactions, a solution like ZenLedger or even Crypto Tax Calculator is the way to go.

2. What is the cheapest crypto tax software with a free plan?

The cheapest crypto tax solution is CoinLedger. It starts at a low $49 for hobby traders and includes a free plan to get you started.

3. Which crypto tax software supports DeFi and NFTs?

Any crypto tax solutions worth its salt will offer support for DeFi and NFTs. However, some standout solutions on this list are Crypto Tax Calculator and ZenLedger.

4. How does crypto tax software work?

Crypto tax software works by integrating with exchanges and wallets, retrieving data such as transaction history, trades, and other crypto-related activities, and then calculating any gains and losses based on the collected data. Once that is done, it then generates a detailed tax report tailored to your jurisdiction.