Odaily Planet Daily reports that PayPal officially announced it will provide free self-service tax filing services for its debit card users, including free federal and state tax return submission services for US PayPal Debit Mastercard users for 2025. Additionally, according to information on PayPal’s official website, users’ cryptocurrencies on its platform are subject to taxation. Starting from the 2025 tax year, the US Internal Revenue Service requires PayPal and other US digital asset brokers to report digital asset disposal gains on Form 1099-DA. If users dispose of assets such as selling or exchanging cryptocurrencies within the applicable tax year, PayPal will send users the US IRS Form 1099-DA by February 15.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
