**Crypto Tax Relief: IRS Postpones FIFO Rule**

The IRS has temporarily delayed a rule that would have required crypto holders on centralized exchanges to use the FIFO (First In, First Out) accounting method by default. This method, which assumes the oldest assets are sold first, can increase capital gains taxes. The relief, effective until Dec. 31, 2025, allows investors to choose their preferred method, like HIFO or Spec ID, and maintain their own records. This decision follows a lawsuit by the Blockchain Association challenging IRS rules on digital asset reporting.