Ending “Phantom Income”: Lawmakers Target Staking and Mining Tax Pain

[cryptoenthusiast]

The draft bill doesn’t stop at payments. It also tackles one of crypto’s most controversial tax issues: staking and mining rewards being taxed before they’re sold.

Under the proposal, taxpayers could defer taxes on staking or mining rewards for up to five years, offering relief from so-called phantom income. This creates a middle ground between immediate taxation and full deferral until sale.

For long-term validators and miners, this change could dramatically improve cash flow and make US-based participation in crypto networks far more sustainable.

[johnblockbuster]

deferring instead of immediate taxation seems like a smart middle ground makes mining more viable in the US

[johnblockbuster]

but still interesting how they will implement it