What’s the Best Crypto Tax Tool to Use in 2025?
As the digital asset market matures in the United States, the demand for tax compliance evolves accordingly.
Accurately reporting gains, losses, and income from crypto assets is now a clear legal requirement for investors, businesses, and freelancers.
This article presents a comparison of the leading solutions available in the U.S. crypto tax software market in 2025.
Why Is Tax Software Necessary?
The IRS treats cryptocurrencies as property, which means any disposal—including swapping one crypto for another—is considered a taxable event.
Not just trading, but also income from staking, farming, airdrops, mining, and NFT royalties must be reported.
With the increasing complexity of the crypto ecosystem, manual tracking has become virtually impossible.
In this context, crypto tax software offers features like
- Automated import and calculation
- Multi-exchange data consolidation
- Auto-categorization of taxable events
- Generation of IRS-compliant reports
Comparison Criteria
When selecting crypto tax software, we considered the following criteria:
- Coverage of exchanges and blockchains
- Ability to handle DeFi, NFTs, and staking
- Support for different tax calculation methods (FIFO, LIFO, HIFO, average cost)
- Compatibility with filing tools (TurboTax, TaxAct)
- Generation of audit-ready reports
- Price and scalability
- Customer support and international coverage
Koinly
One of the most popular crypto tax software tools in the U.S.
Strengths:
- Robust support for over 800 exchanges and wallets
- Full coverage for staking, NFTs, and DeFi
- Direct integration with TurboTax, TaxAct, and IRS formats
- Audit-ready reports with multiple tax methodology options
Free plan: Up to 100 transactions
Price: Starts at $49/year; premium plans go up to $399.
Best for: Active investors, digital nomads, and users across multiple blockchains
CoinTracker
A favorite among Coinbase users and casual investors.
Strengths:
- Simple interface and integration with Coinbase, Kraken, and Gemini
- Clear, IRS- and TurboTax-compliant reports
- Ideal for simplified portfolios
Limitations:
- Limited support for DeFi and NFTs
- Fewer tax calculation methods
Free plan: Up to 25 transactions
Price: $59 to $199/year
Best for: Beginners and occasional investors
ZenLedger
A professional-grade platform aimed at traders and accountants.
Strengths:
- Full support for tokens, DeFi, and staking
- Dedicated module for CPAs
- Direct integrations with accounting systems
Limitations:
- Less intuitive interface
- Higher operational complexity
Price: $49 to $399/year, with enterprise plans available on request
Best for: High-frequency traders, accountants, and advisors
TokenTax
A premium platform offering personalized service and built-in accounting support.
Strengths:
- Expert tax consulting included in high-tier plans
- Strong support for complex operations (DeFi, illiquid tokens, ICOs)
- Manual data import for rare or custom assets
Limitations:
- Higher cost
- More technical onboarding process
Price: From $65 up to around $3,500 for full-service packages
Best for: High-net-worth investors and users with complex tax structures
Accounting by Glassnode
A tool focused on portfolio analysis and data visualization.
Strengths:
- Visual dashboard with profit tracking, average cost, and performance analytics
- Strong support for stablecoins and integration with MetaMask, Ledger, and more
- Available on web and mobile
Limitations:
- Limited support for advanced DeFi and NFT operations
Free plan: Up to 25 transactions
Price: $79 to $299/year
Best for: Users who want to better understand and manage their portfolio with moderate trading volume
Relevant Tax Considerations in 2025
- The IRS has increased enforcement on digital assets and updated forms such as Form 8949 and Schedule D, requiring more accurate and detailed reporting.
- Crypto payments for services rendered, even outside the U.S., must be reported as self-employment income.
- The Foreign Earned Income Exclusion (FEIE) does not automatically apply to capital gains from crypto assets.
- Transactions involving bridges and Layer 2 networks require strict tracking to determine the date and fair market value for accurate tax reporting.
Conclusion
The crypto asset market in the U.S. has entered a new phase of regulatory maturity.
As a result, tax management has become not just a matter of compliance but also a strategic decision for asset protection and tax optimization.
The cost of reliable software can be significantly lower than the cost of making a mistake with the IRS.