• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Crypto Tax Bill: Changes for Everyday Purchases

user avatar

by Giorgi Kostiuk

7 hours ago


A new bill in the U.S. aims to simplify cryptocurrency taxation, including a tax exemption for small purchases made with crypto.

Tax Exemption for Small Purchases

The bill proposes to exempt transactions under $300, such as buying coffee or groceries, from taxable events, provided that total tax-free gains do not exceed $5,000 annually. The threshold will be adjusted for inflation starting in 2026.

Changes for Miners and Stakers

The legislation also offers a more practical tax schedule for crypto miners and stakers, taxing them only upon selling their assets instead of at the time of receipt. This is aimed at preventing tax burdens on unrealized income.

Benefits for Crypto Lending and Donations

The bill includes provisions that benefit crypto lending and donations. Loans of digital assets would not be treated as taxable disposals, and donors giving commonly traded tokens to charity would not be required to obtain costly appraisals.

The proposal is estimated to generate $600 million in revenue over a decade and aims to keep crypto innovation within U.S. borders. Although it did not make it into Trump’s new spending package, the author remains optimistic about its standalone passage.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Nano Labs Launches Major Plan to Accumulate BNB Tokens

chest

Nano Labs acquired $50 million worth of BNB as part of its plan to accumulate up to $1 billion in the asset.

user avatarGiorgi Kostiuk

Analyzing the Dogecoin Supercycle: What to Expect Ahead

chest

Dogecoin has completed the correction and accumulation phases, and a possible bull market is anticipated.

user avatarGiorgi Kostiuk

Hong Kong Poised to Lure Crypto Firms from Singapore

chest

Tight regulations in Singapore create opportunities for Hong Kong to attract quality projects in the crypto industry.

user avatarGiorgi Kostiuk

Google Veo 3: A Revolution in Video Creation with Artificial Intelligence

chest

Google launches Veo 3 — a powerful video generation model available to Gemini users in over 159 countries.

user avatarGiorgi Kostiuk

Celsius Sues Tether for $4.3 Billion Over BTC Liquidation

chest

Celsius receives approval to sue Tether for $4 billion over alleged BTC liquidation, highlighting risks in stablecoins.

user avatarGiorgi Kostiuk

Bitcoin in Final Phase of Bull Cycle, Projections to October 2025

chest

Bitcoin is nearing a peak that could occur in October 2025, according to analysts.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.