PayPal: Starting from the 2025 tax year, digital asset disposition gains must be reported to the US IRS. Relevant forms will be sent to users before February 15.

DeepFlowTech · 2026-01-20T12:18:28+00:00

PayPal announces free self-service tax filing for debit card users, including federal and state tax returns for 2025. Additionally, starting in 2025, users will need to report cryptocurrency earnings, and PayPal will send out 1099-DA forms.

DeepFlowTech

2026-01-20 12:18:28

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Deep Tide TechFlow News, January 20, PayPal officially announced that it will provide free self-service tax filing for its debit card users, including free federal and state tax return submission services for US PayPal Debit Mastercard users for the year 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 gains from digital asset dispositions 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.

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