Skip to content
Auburn Auto Group (banner)
Home » Valentine's Day » Cryptocurrency: Can you pay taxes in cryptocurrency?

Cryptocurrency: Can you pay taxes in cryptocurrency?

While you cannot yet pay your tax bill with cryptocurrency, there are some states pushing to allow it.

cryptocurrency that people are hoping to soon use for tax purposes

Two of these states include Arizona and Wyoming.

The federal government and various states are looking into regulating cryptocurrency.

The market is getting more attention as interest grows among Americans.

Shiba Inu coin rises over 50%

This year two states have proposed legislation that would tax the currency.

Arizona plans to recognize Bitcoin as legal tender while Wyoming wants to tax all cryptocurrency.

Wyoming appears to have gone the furthest with the possibility of making crypto legal tender with all the tax laws.

DiSanto Propane (Billboard)

Tax Refund: Receive refund in Cryptocurrency

Over 30 states have considered the idea altogether.

Wyoming has been working on their legislation for four years now.

Colorado is considering adapting to crypto-mines and let people pay their taxes with cryptocurrency.

Categories: News