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no one’s talking about this: US lawmakers proposing tax breaks for stablecoins could change the game for crypto holders! 🤯💰
stablecoins getting some love with proposed tax breaks for small payments and incentives for staking and mining rewards: lawmakers aiming to clear up confusion, provide safe
US lawmakers propose tax relief for small stablecoin payments and offer a tax deferral option for staking and mining rewards. The plan clarifies confusing rules for users and businesses. It includes a safe harbor for stablecoin transactions under $200 and a deferral for rewards for up to five years. Additionally, the proposal introduces wash sale rules, mark-to-market accounting, and aims to align crypto tax practices with the broader tax code. This draft is not yet a bill but could be effective after 2025. 🇺🇸📈
Are Stablecoins Having a Break? US lawmakers propose tax break
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