Best Crypto Tax Software Solutions for Calculating Your Taxes in 2024
Whether you’re a seasoned crypto investor or just starting to dabble in cryptocurrencies, you’ll need to report your activities and pay tax on any profits if you want to avoid a financial penalty.
This may seem like a daunting task as it can mean keeping detailed records and doing some tricky calculations. But there’s no need to fret as there are a number of tax software solutions that will do all this for you.
This page will examine some of the best tax software and help you find the one that’s right for you.
Quick Breakdown
1. CoinTracker: Best Overall
2. Koinly: Best for Beginners
3. TokenTax: Best for Full Tax Services
4. CryptoTaxCalculator: Best Value for Money
5. Accointing: Best for Pros
6. CoinTracking: Best for Tracking Your Portfolio
Best Tax Software for 2024
1. CoinTracker: Best Overall
CoinTracker easily takes the top spot for its excellent performance across the board. It’s easy to track your crypto activities and calculate your taxes. Just follow the simple instructions to connect your wallets and exchanges and your dashboard will clearly display your portfolio performance, capital gains, and income.
The software will automatically optimise cost basis accounting methods, and CoinTracker’s tax-loss harvesting features could help you save thousands. When the time comes, you can download your tax reports in minutes.
Features
- 10,000+ cryptocurrencies supported
- 300+ exchanges supported
- Portfolio tracking
- Tax-loss harvesting
- Full support for US, UK, Canada, Australia; partial support for others
- Mobile app
- Error reconciliation
- Export to TurboTax or TaxAct
- Free for up to 25 transactions
Pricing
| Free | $0 |
|
| Hobbyist | $49 |
|
| Premium | $159 |
|
| Unlimited | Priced individually |
|
2. Koinly: Best for Beginners
Koinly comes with a simple, plug-and-play user experience as well as a deep feature set, making it perfect for newbies, as well as those with a bit more experience. Automated data import and the ability to generate filled-in tax forms mean it’s never been simpler to track your crypto assets and file your taxes.
Tiered pricing, including a free version, means that there’s a version of Koinly for every budget. Koinly also supports virtually every trading platform and every coin under the sun, making tracking your portfolio and generating the right tax reports a seamless experience.
Features
- 17,000+ cryptocurrencies supported
- 400+ exchanges and wallets supported
- Available in 20+ countries
- Generate international tax reports
- Portfolio tracking
- Smart transfer matching so you won’t pay tax on transfers between your own wallets
- Support for margin and futures trading
- Income overview for mining, staking, lending, etc
- Error reconciliation tools to ensure tax reports are accurate
- Never-ending free trial
Pricing
|
Free |
$0 |
|
|
Newbie |
$49 |
|
|
Hodler |
$99 |
|
|
Trader |
$179 |
|
|
Pro |
From $279 |
|
3. TokenTax: Best for Full Tax Services
The TokenTax software is integrated with a range of exchanges, protocols, and wallets, while its tax loss harvesting dashboard and automatically generated tax forms will help you minimise and file your taxes with ease.
On top of all that, TokenTax provides access to dedicated expert crypto accounting and reconciliation teams, as well as deep industry knowledge on crypto, DeFi, and NFTs. This all-round support will make sure you get your taxes right this year.
Features
- Portfolio tracking
- API and wallet integrations
- DeFi and NFT support
- Support for margin and futures trading
- Tax loss harvesting dashboard
- Mining and staking income reports
- Automatic tax form generation
- Human expertise
- Full filing add-ons
- Find and fix errors or missing data
Pricing
| Basic | $65 |
|
| Premium | $199 |
|
| Pro | $799 |
|
| VIP | From $3,499 |
|
4. CryptoTaxCalculator: Best Value for Money
If you’re looking for a cost-efficient solution for calculating your crypto taxes, look no further than CryptoTaxCalculator. Each plan comes with unlimited integrations, intelligent features, and a range of available tax reports—just choose the option that supports the right number of transactions for you. You can even take advantage of a 30-day free trial and a 30-day money-back guarantee.
Features
- 500+ integrations
- Available in 20+ countries
- Portfolio tracking
- Supports NFTs, DeFi, and DEX trading
- Reports for all financial years
- Transfer matching algorithm
- Error handling
- Help desk and chat support
- Free trial
Pricing
|
Rookie |
$49 |
100 transactions |
|
Hobbyist |
$99 |
1,000 transactions |
|
Investor |
$189 |
10,000 transactions |
|
Trader |
$299 |
100,000 transactions |
5. Accointing: Best for Pros
Accointing is trusted by traders, as well as tax professionals who can benefit from crypto knowledge exchange with industry experts. The portfolio tracking platform comes with useful tools such as custom-built performance-enhancing insights and traders can stay on top of the market with ways to research trending tokens and compare their performance against other traders.
Features
- 300+ integrations
- Portfolio tracking
- Insights tool
- Interact with the Accointing community
- Mobile app
- Automatically classifies DeFi, staking, mining, and margin trading transactions
- Generates capital gains and income tax reports
- Tax-loss Harvesting tool
- Free for up to 25 transactions per year
Pricing
|
Free |
$0 |
25 transactions |
|
Hobbyist |
$79 |
500 transactions |
|
Trader |
$199 |
5,000 transactions |
|
Pro |
$299 |
50,000 transactions |
6. CoinTracking: Best for Tracking Your Portfolio
CoinTracking tracks all your transactions in real time and clearly displays useful performance variables such as profit and loss in your dashboard. With 13 years of historical data, interactive charts, and trends, statistics, and analysis for each coin, it’s easy to keep abreast of the latest market movements. Just choose a cost basis method and generate the tax reports you need.
Features
- 18,000+ coins
- Easy import from 110+ exchanges
- 13 years of historical data
- Interactive charts
- Coin trends
- Tax reports for 100+ countries
- Free for up to 200 transactions
Pricing
| Free | $0 |
|
| Pro | $131.88 |
|
| Expert | $203.88/$263.88/$329.88 |
|
| Unlimited | $659.88 |
|
How to Choose Crypto Tax Software
There are a number of factors to consider when deciding which tax software to use. It’s important to check that the software supports all the wallets, exchanges, and coins you wish to track. You’ll also want to consider pricing, though many tax software providers will offer a free trial so you can find out whether it’s right for you before paying.
Make sure the software has the right features for your activities. For example, stakers will need software that can detect and track staking income, while frequent traders will need software that supports a large number of transactions. Most importantly, make sure to select secure, reputable software that you find easy to use.