Free crypto tax calculator: Do they exist and are they worth it? Here are your options.
Is there a free crypto tax calculator? There are three answers here. Yes, no, and we have discount codes to some really good ones that make them much cheaper. Free crypto tax calculator: is there such a thing? If you’ve dabbled in any cryptocurrency trading this financial year in Australia, you'll need to consider the tax implications.
Any cryptocurrency transaction, including buying, selling, trading, mining, staking, giving, or receiving, must be reported on your tax return. This requirement applies regardless of where the transaction occurred — be it Australia, the United States, or even a remote tax haven in the Pacific.
Essentially, if you’ve used crypto, the tax man wants to know about it.
However, calculating your cryptocurrency tax can be complex, with various factors to consider when preparing your tax return.
There is a really comprehensive article if you want to speed up your knowledge before you choose a crypto tax calculator.
Yes, the ATO closely monitors cryptocurrency transactions through its crypto-assets data matching program, which has been in place since the 2014-15 financial year.
It’s crucial to keep accurate records of these transactions. All Australian crypto exchanges that are registered with AUSTRAC are required by law to share data with the ATO.
Are there free crypto tax calculators? Yes, there are. But unfortunately, the most well-known one, at , is deprecated, may not be accurate, and it is being retired very soon.
There are crypto tax software companies that have free trial periods and offer free initial calculations. But to do anything meaningful, you are going to need to get a subscription to one of the companies that offer crypto tax calculators.
So your best bet is to actually subscribe to a paid service. The good news here is that we have some discount codes for you.
Crypto accounting apps like Crypto Tax Calculator, Koinly, Syla, Koinx, and CoinLedger can help. These programs track all your transactions in real-time, regardless of where and when they occur.
At the end of the financial year, they compile your transaction history into a document that details your capital gains and losses in Australian dollars. This makes it easier to assess your tax obligations and monitor your overall portfolio performance.
CoinJar now offers full, secure transaction integration with multiple crypto tax calculators. This means any cryptocurrency transaction conducted on CoinJar will be directly transferred to your chosen crypto tax software account. This means you will be ahead of the game at tax time.
CoinJar customers can use the discount code . CTC converts blockchain data into accountant-ready reports supporting exchanges, DeFi, and NFTs. Apply COINJ30 for 30% off any subscription. Australian-owned and ATO-compliant.
New customers only. First-year discount. Expires 31 October 2025.
delivers Australia-specific crypto tax solutions from qualified tax professionals. Generate tax-optimised ATO reports designed for Australian investors.
CoinJar customer code: COINJARSAVE provides 30% off first-year subscriptions. No expiration, available year-round.
offers 50% discount through until 31/10/2025.
Secure 25% off your Koinly report using code COINJARAU25 .
Conditions: Single use per Australian customer. Valid 20/06/26 - 31/07/26 and 01/10/26 - 31/10/26. Cannot combine with other offers. Excludes CPA and B2B accounts.
provides 25% off initial tax reports with code COINJAR until 31/10/25.
New customers save 10% on all subscriptions. Valid until April 5, 2026. .
Notice: Customer feedback indicates Blockpit / Accointing and Crypto.com Tax currently generate inaccurate reports for CoinJar accounts.
Links to third-party websites will open new browser windows. Except where noted, CoinJar accepts no responsibility for the content on third-party websites.
Important: CoinJar Australia Pty Ltd does not warrant the adequacy, accuracy or completeness of any tax calculation by any app, including those mentioned above and CoinJar expressly disclaims any liability for errors or omissions therein.
Users are personally responsible for evaluating the accuracy, completeness or usefulness of any information or other content available on these sites.
If you use the above services, remember they are not provided by CoinJar. You’ll be subject to the applicable terms and conditions of use for these products, including a separate privacy policy, which may differ from CoinJar’s privacy policy. You should read and understand all applicable terms before using them.
You should read and understand all applicable terms for the above crypto tax software before using them.
Links to third-party websites will open new browser windows. Except where noted, CoinJar accepts no responsibility for the content on third-party websites.
Cryptocurrency is subject to both capital gains and income tax in Australia. Capital gains tax applies when you sell, trade, or spend cryptocurrency, and is calculated based on the difference between your cost basis (the price you paid for the crypto) and the selling price.
Income tax may apply if you earn cryptocurrency through activities like mining, staking, or receiving it as payment for goods or services. The tax rate you pay depends on whether the crypto was held for more than 12 months (long term) or less than 12 months (short term).
A free crypto tax calculator can help you determine your tax liability by aggregating your crypto transactions, calculating capital gains and losses, and categorizing transactions as either ordinary income or capital gains.
This information can be used to estimate your total tax due, which you can then report on your tax return.
Yes, crypto-to-crypto transactions are considered taxable events in Australia. Each time you trade one cryptocurrency for another, you are essentially disposing of the original crypto, which triggers a capital gain or loss calculation. You can calculate tax on crypto using a crypto tax calculator.
You generally don't have to pay tax on cryptocurrency if you are simply buying and holding it. However, if you sell, trade, or use it to purchase goods or services, you will likely trigger a taxable event.
Additionally, donating cryptocurrency to a registered charity is generally exempt from capital gains tax.
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