10 Major 2025 Tax Changes You Need to Know Before Filing

2025 Tax Changes You Need to Know Before Filing

10. Crypto Reporting Enters a New Phase

Crypto Reporting Enters a New Phase
Crypto Reporting Enters a New Phase

The IRS will see more than ever before

For the first time, centralized crypto exchanges will report transactions directly to the IRS using Form 1099-DA.

Pros

  • Clearer records for taxpayers
  • Less confusion about reporting gains

Cons

  • Reduced privacy
  • Higher compliance burden
  • Greater audit visibility

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Sudip Sengupta

Tax & Finance Consultant Professional

Sudip Sengupta is the founder and chief author of Tfin Career, a trusted platform dedicated to tax, finance, and investment. With extensive knowledge of the tax systems and financial regulations of both the United States and India, he creates clear, practical, and reliable content that helps individuals, professionals, and businesses make informed financial decisions. His mission is to simplify complex tax and financial topics through expert insights, step-by-step guides, and up-to-date information, empowering readers to achieve long-term financial success with confidence.

Areas of Expertise: Tax, Finance, Investment, Currency, Stock Market, Share Market, Finance Analysis, Tax & Finance Career, US & Indian Taxation,
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