US Congress Passes Digital Asset Tax Certainty Act
Current overview (not historical)
The US Congress has passed the Digital Asset Tax Certainty Act, mandating the IRS to establish a voluntary disclosure program within 12 months of the Act's effective date. The program offers two tiers of penalties: taxpayers who self-correct face a 0% penalty on the first $25,000 of taxes owed and 5% on the excess, while those who do not self-correct face penalties of 25% and 40%, which increase over time. Taxpayers have a 24-month window to come forward and correct past tax violations. Despite the new initiative, a recent survey indicates that only 49% of crypto users are aware that selling cryptocurrency constitutes a taxable event.
Written with AI from the reporting · updated 10/19/2026
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- 1Unclassified fact stationSep 16, 00:00recorded Oct 19, 21:50single sourcerevised
数字资产自愿申报计划法案通过
Read original source ↗ CointelegraphReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- 美国国会
- Action：
- 通过数字资产税收确定法案第502条
- Object：
- 建立数字资产自愿申报计划
- Occurred (fact side)：
- Sep 16, 00:00
- Published (valid side)：
- Oct 19, 21:30
- First seen (known side)：
- Oct 19, 21:50
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- CointelegraphRelated fact: single sourceSource report revisedUS Congress advances bill to create voluntary crypto tax disclosure program
Report first recorded Oct 19, 21:50
The US House Ways and Means Committee passed the Digital Asset Tax Certainty Act (H.R. 10357), which would require the Treasury secretary to establish a Digital Asset Voluntary Disclosure Program within 12 months. The program would allow eligible taxpayers to correct past crypto tax violations by filing amended returns and paying owed taxes, interest, and a program penalty. The legislation aims to address a gap in the system where investors who made "honest mistakes" in prior years have no predictable way to resolve their tax liabilities, especially as the IRS implements new 1099-DA reporting rules.
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