#USCryptoStakingTaxReview *US crypto staking tax review* is a hot topic right now. Currently, the IRS treats staking rewards as taxable income when received, which can lead to double taxation when you sell the rewards later. This means you'll pay income tax on the reward's value when you receive it, and then capital gains tax when you sell it.

However, there's a proposed bill, the Digital Asset PARITY Act, which aims to change this. It suggests a five-year deferral period for staking rewards, taxing them as ordinary income only after this period at their fair market value. This could help reduce the tax burden on stakers and encourage long-term participation in blockchain networks.

*Some key points*

- *Taxation of Staking Rewards*: Currently taxed as income upon receipt, with potential capital gains tax upon sale.

- *Proposed Changes*: Five-year deferral period for staking rewards, taxed as ordinary income after this period.

- *Stablecoin Exemption*: Transactions under $200 with regulated stablecoins might be exempt from capital gains tax.$BTC $ETH $BNB