U. S. Congress proposes to free small cryptocurrency transactions from taxes

A bill has been introduced in the U.S. Congress proposing to exclude cryptocurrency transactions worth less than $200 from the tax base. The bill, entitled The Virtual Currency Tax Fairness Act of 2020, was created by Congressmen of Washington and Arizona, Suzan Delbene and David Schweikert. Back in 2014, the U.S. Internal Revenue Service (IRS) … Continue reading U. S. Congress proposes to free small cryptocurrency transactions from taxes