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FAQ for TaxBit

About TaxBit

TaxBit is the world’s leading tax automation software for cryptocurrency investors and traders. TaxBit provides a comprehensive suite of automated tools and resources to help users accurately calculate their gains, losses, and income from crypto investments for filing taxes in the United States. With real-time tracking of transactions within TaxBit's platform, users can easily determine their capital gain/loss positions with accurate calculations of cost basis, realized & unrealized gains/losses over time, and more.

Is TaxBit Legitimate?

Yes! TaxBit is a legitimate financial service provider that has been verified by the IRS as a trusted third party filer. As such, we are committed to providing customers with secure tools and services to ensure you stay compliant with your tax reporting requirements. Our technology is accredited by the Internal Revenue Service and supported by a team of experienced financial advisors, lawyers, and CPAs.

What Does TaxBit Cost?

TaxBit offers an affordable pricing model to fit every investor's budget. We have three subscription plans that range from $90-$450 per year, depending on the features you need. Additionally, we offer free basic tax filings for those who qualify under our income threshold requirements.

How Does TaxBit Work?

TaxBit allows users to easily connect their cryptocurrency exchange accounts in order to quickly import transactions into our platform for automated tax calculations. With real-time tracking of transactions within TaxBit’s platform, users can accurately determine their capital gain/loss positions with precise calculations of cost basis, realized & unrealized gains/losses over time, and more. TaxBit then creates an IRS-compliant tax report that users can use to accurately file taxes in the United States.

How Do I Cancel TaxBit?

Cancelling your TaxBit subscription is easy and hassle-free. Simply log into your account and navigate to the “Subscription” tab on the left side menu. Here you will be able to view your current plan information along with a cancel button at the bottom of the screen. Once you have clicked “cancel” your subscription will be terminated immediately and you will no longer be billed for future payments.