Finshots
February 15, 2025 at 05:05 AM
Will the new tax bill make tax filing easier? Here is all we know 👇
The government just dropped a new tax bill, not to change laws but to simplify and reorganize them.
It trims down the 800-page tax maze to 600 pages, grouping similar deductions together and replacing confusing terms like “Previous Year” and “Assessment Year” with a single “Tax Year."
But here’s where it gets interesting—crypto, NFTs, online gaming winnings, and even your digital records are now firmly under the tax lens.
With terms like "virtual digital space", tax authorities could access cloud storage, emails, and even crypto wallets during investigations.
Want to know what else the new bill has in store? Dive into today’s newsletter!
https://bit.ly/4hzLPxa
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