Best Crypto Tax Software In US In 2025

Founded in 2018, Koinly solves crypto tracking and tax reporting for investors. The crypto tax software solution has filed 11k tax reports and has $250million in funds tracked as of 31 October 2022. From the US to Scandinavia to Japan and every other country, Koinly helps you generate your crypto tax reports. Whether you are mining crypto in the Alps or leveraging interest-bearing crypto instruments poolside, Koinly can generate a statement showing all their crypto income. This includes income from airdrops, forks, staking rewards and DeFi and other crypto income transactions.

Kindly Features

• Multiple cost-basis methods. Choose between FIFO, LIFO, HIFO, Average Cost, Share Pooling, and Spec ID.
• Universal or Wallet-based cost tracking. Monitor your costs in a universal pool shared across all interconnected wallets or individually for each wallet
• Smart transfer matching. Crypto tax software uses artificial intelligence (AI) to detect transfers between your wallets and track your original costs.
• Form 8949, Schedule D: For taxpayers in the US, Koinly can generate all the forms you require to file your crypto taxes.

The Platform is an all-in-one portfolio tracking and crypto tax software solution that seamlessly integrates with leading platforms such as TurboTax, H&R Block, and more. In just a few minutes, CoinLedger can calculate your taxes owed on capital gains, income, and Defi transactions, and allows you to easily generate tax reports such as the IRS Form 8949, income report, and more, and export them into a tax filing software of your choice.

The platform is used by over 300,000 users around the world and rated 4.8 out of 5 stars on consumer-review websites. CoinLedger also offers dynamic portfolio tracking, as well as an ever-expanding list of supported crypto exchanges and blockchains, including over 10,000 cryptocurrencies. With affordable pricing plans starting at only $49, CoinLedger is truly the most affordable and accessible tax software for crypto traders.

CoinTracking is known to be the world’s first crypto portfolio manager and tax reporting tool. It was launched in 2013 to make crypto enthusiasts’ lives easier. You will also get updated information about the realized and unrealized gains, reports for taxes, and much more. Plus, there are two-factor authentication requirements for tokens.

Founded in 2018 by CPAs, tax attorneys, and software developers, TaxBit had a vision of simplifying crypto taxes by automating the regulatory hurdles of tax compliance. Taxing software is an entirely new category of business to enable the widespread adoption of cryptocurrency and other digital assets. The platform connects the consumer, enterprise, and government tax and accounting ecosystem. It transforms the cumbersome experience of cryptocurrency tax reporting and accounting in a way that ensures tax compliance and helps consumers optimize their investments.

The TaxBit software provides industry-leading tax and accounting solutions for cryptocurrency and digital assets. With over 5 million taxpayers’ support, TaxBit boasts 500+ integrated exchanges, wallets, DeFi protocols, NFT marketplaces, and more.

TaxBit brings all your cryptocurrency transactions and balances from your exchanges and wallets into one place to calculate the cost basis and corresponding gains or losses on each transaction. It provides an entire audit trail so users, accountants, and auditors can drill down into any transaction to see precisely how the gain or loss was calculated. The software has received good reviews on various platforms, highlighting customer satisfaction.

ZenLedger Inc. is a U.S.-based company specializing in cryptocurrency tax management. The platform enables you to import crypto transactions, calculate gains and income, and auto-fill tax forms such as 8949, Schedule D, FinCen114 & FBAR. The software allows you to view tax liability for every cryptocurrency transaction. This software can review historical cryptocurrency tax income like mining, staking, lending, gifts, or exchange rewards like airdrops and forks!

ZenLedger supports over 400+ exchanges, 7000 token types, 20+ DeFi protocols, and all wallets. The software is expected to have support for NFTs soon. The crypto tax software is global, and anyone using multiple ledgers can use it.

TokenTax is a crypto tax calculator and full-service accounting firm that provides everything you need to file entirely and correctly, regardless of your trade or location.

From software calculation to tax return filings, TokenTax has the in-house software and accounting abilities to see you via your complete tax process.

The TokenTax team supports every exchange or wallet and attacks crypto tax situations ranging from HODLers to hedge funds. TokenTax’s initial version was developed by co-founder Alex Miles back in 2017. In 2019, TokenTax bought crypto CPAs, a cryptocurrency tax accounting company spearheaded by CPA Andrew Perlin.

TokenTax calculates cryptocurrency taxes and provides global tax and accounting services for thousands of crypto investors.

The software’s essential tools for tax accounting include Tax Loss Harvesting Dashboard and the Minimization accounting method. Depending on the level of trading, investors can avail of three types of services on this platform. These include Basic (For casual Coinbase and Coinbase Pro investors), Premium (For investors operating across exchanges and platforms), and Pro (For investors with high trade volume across exchanges and platforms) at $65/per tax year, $199/tax year, and $799/tax year respectively.

• Hold booming crypto investments for over one year before selling or using them. And also, savings Tax rates on short-term gains are higher than these long-term gains.
• Offset gains with losses: If you have experienced gains and losses on different cryptocurrencies, you can take advantage of crypto gains by claiming losses on other cryptocurrencies for a given year. For example, if you earned $50,000 for selling Bitcoin but lost $50,000 for selling Ethereum, you are not required to pay any tax.
• Donate some of your cryptos to charity, as cryptocurrency donation is tax deductible.
• Finally, Another effective strategy to avoid hefty crypto tax is putting your crypto in a regular IRA or investing in cryptocurrencies as part of your retirement, pension, or annuity investment.

It might not be easy to navigate the intricacies of crypto taxation in the U.S, but the right crypto tax software can simplify the process. The good news about this is that these platforms accommodate both casual investors, professional accountants, and seasoned traders, by providing tailored solutions to easily generate IRS-compliant reports, calculate gains and losses, and track trades. As the regulatory environment surrounding these cryptocurrencies changes, using these tools can help you stay compliant while minimizing your tax obligations. Choosing the right cryptocurrency tax software for you will depend on your specific needs, preferred features, and trading features. Nevertheless, with the right platform, tax season for crypto can be hassle-free