New Proposal Allows IRS To Accept Bitcoin For Tax Payments

A new bill from Rep. Warren Davidson would let Americans pay federal taxes in Bitcoin, a major shift that could funnel billions of dollars in digital assets into the U.S. government’s newly created Strategic Bitcoin Reserve, according to reporting from the Bitcoin Policy Institute.

The Bitcoin for America Act, introduced Nov. 20, would allow taxpayers to settle IRS liabilities in Bitcoin without triggering capital-gains taxes. All incoming Bitcoin would be stored in the national reserve rather than sold.

I’m introducing the Bitcoin for America Act to strengthen long-term national financial resilience and position the U.S. at the forefront of global asset leadership!

This marks an important step forward in embracing the innovation that millions of Americans use every day. pic.twitter.com/2JSlaJSVkc

— Rep. Warren Davidson (@Rep_Davidson) November 20, 2025

Modeling from the institute suggests that if just 1% of federal taxes were paid in Bitcoin over the next 20 years, the U.S. could accumulate more than 4.3 million BTC and generate up to $14 trillion in long-term value.

LATEST: 🇺🇸 Ohio Representative Warren Davidson has introduced the Bitcoin for America Act, which would let Americans pay federal taxes in BTC, with those payments directed into the US Strategic Bitcoin Reserve. pic.twitter.com/xya2HG4ryl

— CoinMarketCap (@CoinMarketCap) November 21, 2025

Supporters say the policy would strengthen America’s balance sheet and position the country as a leader in digital assets. Critics warn of volatility and complex operational risks tied to custody and settlement.

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