House Committee Set to Vote on Crypto Tax Bills Amid Debate Over Deferrals

The US House Ways and Means Committee is set to vote on a package of crypto tax bills on September 16.

H.R. 9175 would let eligible minors and estates defer income on newly created tokens until the assets are disposed of, while H.R. 9172 would extend wash-sale and constructive-sale rules to digital assets, excluding qualified U.S. dollars and stablecoins.

Democrats have proposed limits on the tax deferral, pushing back on how far it goes, with Representative Steven Horsford filing an amendment that would cap the mining, staking, and election at 5 years.