MetaMask integrates the Crypto Tax Calculator and simplifies users’ tax management
MetaMask has announced the launch of its Tax Hub, integrating the Crypto Tax Calculator (CTC), to simplify tax management for its users. MetaMask Tax Hub offers tax reports specific to 23 jurisdictions and in various languages.
Summary
- MetaMask with Crypto Tax Calculator to offer tax reports to users
- MetaMask and Crypto Tax Calculator: specific tax reports for 23 jurisdictions and in different languages
- The roadmap 2025
MetaMask with Crypto Tax Calculator to offer tax reports to users
MetaMask has announced the new integration of Crypto Tax Calculator, to jointly launch the MetaMask Tax Hub. Global users of the self-custodial crypto-wallet will be able to obtain specific tax reports.
Source
“Today we present the MetaMask Tax Hub, in collaboration with @CryptoTaxHQ. We make these things easy.”
In practice, gli utenti globali di MetaMask will be able to access the new Tax Hub powered by Crypto Tax Calculator directly in the wallet. From here, they can then obtain a free tax summary specific to each geographical area of their cryptocurrency activity.
Not only that, the MetaMask Tax Hub also offers a downloadable tax report compliant with the requirements of tax authorities, at a 30% discounted cost.
Always with the same 30% discount, users can also subscribe to an annual plan and obtain a complete suite of tax reports, directly tailored to their individual needs and accessible within their portfolio.
MetaMask and Crypto Tax Calculator: specific tax reports for 23 jurisdictions and in different languages
Thanks to the new service from MetaMask and Crypto Tax Calculator, wallet users can add multiple wallets and reconcile everything automatically into a single convenient tax report.
This function not only simplifies tax calculations, but also allows users to know immediately if they need to pay taxes.
In this regard, Alex Greinacher, director of MetaMask, said:
“At MetaMask, we constantly explore ways to improve the user experience and make cryptocurrencies and DeFi accessible and easy to use. Accurate tax reporting is an essential feature for any bull or bear investor in cryptocurrencies. I am extremely pleased that MetaMask now handles this complex topic with just one click for all our users. CryptoTaxCalculator is the most suitable partner”
The new MetaMask Tax Hub offers its tax reports specific to 23 jurisdictions, including the United States, Canada, Australia, Japan, New Zealand, Singapore, South Africa, Brazil. In Europe, also to other countries like Germany, France, Italy, and the United Kingdom.
The reports are also available in English, German, French, Italian, and Spanish, to meet the needs of international users.
For users outside of these countries, the tool offers general reports on capital gains and income taxes, with customizable tax options to fit local regulations.
The roadmap 2025
Recently, MetaMask shared its 2025 roadmap, announcing new features coming soon.
Among other things, MetaMask has announced the revision of the user interface of the crypto-wallet, in order to simplify and improve the user experience. Other features include “smart transactions” and the elimination of transaction gas for its users.
MetaMask is then planning to introduce the new native support for Bitcoin and Solana. Starting from the third quarter of 2025, users will find support for Bitcoin (BTC), so they will no longer need to use other separate wallets or other tokens wrapped to BTC for their transactions.
For May 2024, however, the introduction of support for the Solana ecosystem is planned, which becomes the first non-EVM chain to be welcomed into the Ethereum-based crypto-wallet.