Good news for crypto enthusiasts! The IRS has delayed the controversial FIFO rule until December 31, 2025. This gives taxpayers the chance to choose methods like HIFO or Specific ID that can save them money. 🎉

DeFi has also been in the spotlight of the IRS. They want DeFi platforms to follow the same reporting rules as centralized exchanges. However, many have opposed it as unfair and expensive.

This delay is a sigh of relief for all crypto taxpayers. With the extra time, investors can be better prepared and minimize their taxes. Stay tuned for more developments and smarter tax strategies! 📈