Less Tax Paperwork for Digital Asset Owners Act
To amend the Internal Revenue Code of 1986 to reduce certain tax compliance burdens with respect to digital asset ownership, and for other purposes.
This bill aims to simplify the tax reporting process for individuals who own digital assets, such as cryptocurrencies. It proposes changes to the Internal Revenue Code to ease the burden on taxpayers who must report their digital asset transactions.
The bill would primarily affect people who own digital assets and are required to report their transactions to the IRS. By reducing paperwork and complexity, it seeks to make tax compliance easier for these individuals, potentially saving them time and reducing costs.
HB9178 was introduced on June 8, 2026, and referred to the House Committee on Ways and Means. This committee will review the bill, possibly hold hearings, and decide whether to move it forward for a vote. No further actions have been taken yet.
