MetaMask Launches Tax Hub with Crypto Tax Calculator

MetaMask has announced the launch of its Tax Hub, integrating the Crypto Tax Calculator (CTC) to simplify tax management for users. The MetaMask Tax Hub offers tax reports specific to 23 jurisdictions and in various languages.

MetaMask with Crypto Tax Calculator to Offer Tax Reports

MetaMask has introduced the Crypto Tax Calculator to jointly launch the MetaMask Tax Hub. Users of the self-custodial crypto wallet can obtain specific tax reports.

> “Today we present the MetaMask Tax Hub, in collaboration with @CryptoTaxHQ. We make these things easy.”

Users can access the new Tax Hub powered by CTC directly in the wallet, allowing them to obtain free tax summaries specific to their cryptocurrency activities in various geographical areas. Additionally, the Tax Hub provides downloadable tax reports compliant with tax authorities’ requirements at a 30% discounted cost. Users can also subscribe to an annual plan for a complete suite of tailored tax reports.

MetaMask and Crypto Tax Calculator: Specific Tax Reports

With the integration of MetaMask and CTC, wallet users can add multiple wallets and reconcile everything automatically into a single tax report. This feature simplifies tax calculations and informs users if they owe taxes.

Alex Greinacher, director of MetaMask, stated:
> “At MetaMask, we explore ways to improve user experience and make cryptocurrencies accessible. Accurate tax reporting is essential for all cryptocurrency investors… CryptoTaxCalculator is the most suitable partner.”

The MetaMask Tax Hub offers tax reports for 23 jurisdictions including the United States, Canada, Australia, Japan, and several European countries like Germany, France, Italy, and the UK. Reports are available in English, German, French, Italian, and Spanish to cater to international users. For those outside these jurisdictions, the tool provides general capital gains and income tax reports with customizable tax options.

The Roadmap 2025

MetaMask recently presented its 2025 roadmap, which includes new features. Upcoming enhancements involve a revision of the wallet’s user interface and the introduction of “smart transactions” along with the removal of transaction gas fees. MetaMask plans to support Bitcoin (BTC) starting in Q3 2025, and in May 2024, it will introduce support for the Solana ecosystem, marking it as the first non-EVM chain supported in the Ethereum-based wallet.