DeFiTax Blog
Expert insights, guides, and updates on cryptocurrency taxation
Tax & Compliance
Illinois Enacts First-of-Its-Kind Crypto Transaction Tax
Illinois has become the first state to impose a 0.2% tax on certain crypto transactions. Learn who is affected, when the law takes effect, and how investors can prepare for compliance.
Tax & Compliance
Inside the Ways & Means Hearing on Digital Asset Taxation: What You Need to Know
Lawmakers are advancing major crypto tax reforms aimed at simplifying reporting requirements and bringing greater clarity to digital asset taxation.
Education & Insights
FIFO vs. HIFO vs. Specific ID: Which Cost Basis Method Saves You the Most?
DeFi Tax helps Web3 investors reduce taxes with advanced strategies like HIFO and Specific ID, turning the same trade from a $1,500 taxable gain into a $500 loss.
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