Abstract: A device for cutting wads used to reload ammunition. The device is used with an ammunition reloader press and comprises an anvil that threadably attaches to the head of a reloading press, a punch that attaches to a cartridge casing holder connected to the ram of the reloading press, and a guide that threadably engages the anvil and guides the punch into the anvil when the ram is moved toward the head of the reloader press. The anvil and guide have aligned axial bores which receive the punch. The bore of the anvil has a smaller diameter portion with a cutting edge, and a larger diameter portion which retains the cut wads. The guide has a slot for receiving wad material. The slot extends transversely through the guide and intersects the internal bore of the guide. One end of the punch has a sloped cutting face with a peripheral edge which acts with the anvil cutting edge to cut wad material.