Rep. Matt Gaetz Introduces Bill Requiring IRS to Accept Bitcoin for Federal Taxes

Jun 25, 2024, 03:48 PM

Congressman Matt Gaetz has introduced a bill that would allow federal income taxes to be paid with Bitcoin. The proposed legislation, announced on June 25, 2024, aims to modernize the tax system by requiring the U.S. Treasury and IRS to implement a program for accepting Bitcoin as payment for federal taxes. Gaetz believes that enabling taxpayers to use Bitcoin for federal tax payments will promote innovation, increase efficiency, and offer more flexibility to American citizens.