A transceiver in-phase and quadrature (IQ) calibration method is provided. When calibrating the transceiver, an adjusting unit is connected to an output terminal of a transmitter to receive a first radio-frequency (RF) signal. The adjusting unit adjusts a phase delay of the first RF signal to generate a second RF signal to be inputted to an input terminal of a receiver. Through adjusting the phase delay of the first RF signal, both the transmitter and the receiver can be calibrated at the same time.