How to Use Tax Software Free – Crypto Tax 2022-2023 Calculator Cheatsheet

Pinterest LinkedIn Tumblr
Advertiser Disclosure

This blog post may contain references to products or services from one or more of our advertisers or partners. We may receive compensation when you click on links to those products or services.

Our favorite time of the year is looming – not – tax season, and you may be wondering what is the best way to log all your cryptocurrency transactions. Because let’s be frank, you most likely have more than 10+ crypto transaction over the span of the 2021 tax year.

Thankfully the team behind has launched a product offering for streamlining the filing of Crypto-related investments to report your taxes more efficiently and at an convenience.

You may have heard some of the many product offerings from such as the VISA Debit Card (which can earn you up to 8% cashback on every purchase with no limit) or may have come across top influencers like Matt Damon, Staples Center, UFC, and now potentially the upcoming Super Bowl promote But, have you heard of Tax?

Apply our exclusive referral code fangwallet and receive a free $25 sign-up bonus in CRO tokens upon signing-up for Tax.

Is trustworthy, secure, and ultimately trustworthy to file my Crypto taxes with them?

The simple answer is yes. regularly gets audited by trustworthy account firms, such as, Deloitte and Kudelski Security, and has earned the coveted SOC 2 Certificate.

Read more on Deloitte validating and confirming for being one of the most compliant and secure crypto exchange on the market currently. has never been hacked and boasts industry-leading security infrastructure. has well over 2,000+ employees according to LinkedIn in 12/25/2021 so rest assured, the company is doing financially well and is not going bankrupt anytime soon.

Is Tax Software free and which countries does it support?? Tax Software is completely free and offers full crypto tax support for United Kingdom, Australia, United States, and Canada currently as of 12/25/2021.

Does Tax Software support popular TurboTax and TaxAct Tax Softwares?

Yes! Tax streamlines the tax filing process and makes it easy to integrate your crypto tax filings with popular tax filing software like TurboTax and TaxAct for the 2021-2022 tax year completely free.

How to Use Tax Software Step-by-step

Crypto Tax Homepage

Step 1: Sign-up for a account and apply promo code fangwallet for a $25 sign-up bonus.

Apply our exclusive referral code: fangwallet

Step 2: Tap on “Get Started” button on the homepage

Visit the tax homepage and tap on the “get started” button on the center of the tax center homepage.

Step 3: After signing-in, you will be taken to the Tax Platform seen below

Crypto Tax Platform

Step 4: Tap on Add New Wallet/Exchange and start adding in your wallets from other exchanges/platforms tax exchange support Tax platform currently supports the following:


  • Bitcoin
  • Ethereum (ETH & ERC-20 Tokens)


  • App
  • Wallet
  • Coinomi
  • Exodus


  • Exchange
  • Binance
  • Binance US
  • Bitbuy
  • Bitfinex
  • Bittrex
  • Exchange
  • Changelly Pro
  • Coinbase
  • Coinbase Pro
  • CoinJar
  • CoinJar Exchange
  • CoinSpot
  • FTX
  • Gemini
  • Huobi Global
  • Kraken
  • KuCoin
  • Shakepay
  • Other

The tax platform offers import and export support for .CSV file format and allows crypto tax filers the ability to select “Other” for non-supported Crypto exchanges within its platform.

Step 5: Finalize and review transactions for errors & miscalculations

Once you have finished importing your crypto transactions, you are now officially ready to move onto the next steps of generating your finalized 2021-2022 tax report within a click of a button.

Step 6: Generate your final 2021-2022 Tax Report automatically and file your taxes Tax Turbo Tax

After you have selected the tax filing settings you have been looking forward, you are now ready to finalize and officially generate your 2021-2022 Tax Report with Tax.

Voilà, you have successfully filed your first 2021 tax report using Tax software. Pretty straight forward, right?

How much tax will you pay in the United States?

In the United States, how much capital gains tax you owe for your crypto activity depends on how long you’ve held your assets and in which income tax bracket you are.

This is divided into two parts:

  1. Short-term capital gains: Any gains or losses made from a crypto asset held less than a year are taxed at the same rate as whatever income tax bracket you’re in. A full list of tax brackets for 2020-21 can be found here. Any losses can be used to offset income tax by a maximum of $3,000. Any further losses can be carried forward as mentioned above.
  2. Long-term capital gains: Any gains or losses made from a crypto asset held for longer than a year incurs a much lower 0%, 15% or 20% tax depending on individual or combined marital income.

2021 Crypto Tax Calculator Cheatsheet – Tax Bracket

2021 Crypto Tax Calculator Cheatsheet - Tax Bracket

Become an Insider

budget planner template printable

Subscribe to get a free daily budget planner printable to help get your money on track!

Make passive money the right way. No spam.

Editorial Disclaimer: The editorial content on this page is not provided by any of the companies mentioned and has not been endorsed by any of these entities. Opinions expressed here are author's alone

The content of this website is for informational purposes only and does not represent investment advice, or an offer or solicitation to buy or sell any security, investment, or product. Investors are encouraged to do their own due diligence, and, if necessary, consult professional advising before making any investment decisions. Investing involves a high degree of risk, and financial losses may occur.

Write for Us

Just another aspiring small business owner and amateur photographer blogging in an attempt to break down personal finance lingo.

Write A Comment

Pin It