Privacy

Privacy

Recap is a privacy-focused crypto tax software designed specifically for United States investors. It assists users in navigating cryptocurrency tax obligations with ease, ensuring compliance with IRS regulations while optimizing tax solutions. The platform allows users to save time and streamline their tax reporting process. Using Recap to calculate your crypto taxes is straightforward: Recap offers a free trial for users to explore the software without credit card requirements. To generate detailed tax reports, pricing starts from $78, which provides cost-effective solutions for managing crypto tax reports. Most crypto gains are subject to Capital Gains Tax, while some may fall under Income Tax depending on the transaction. Capital gains tax applies to the profit made from the disposal of assets, including selling or trading cryptocurrencies. Typically, the tax filing deadline is April 15, subject to changes based on weekends and holidays. While manual calculations are possible, a crypto tax calculator such as Recap enhances efficiency and accuracy. Using intelligent tax strategies can help optimize capital gains allowances—consult a tax advisor for tailored advice. Capital gains on crypto are taxed at either 10% (basic rate) or 20% (higher rate), based on your annual income and current tax brackets. For detailed rates, refer to the latest US tax guide.