Illinois has enacted a 0.2% tax on digital asset transfers that will apply whether a trade ends in profit or loss, beginning Jan. 1, 2027. Industry groups have branded the measure the most punitive crypto tax in the U.S. and are already pushing for a repeal. A Tax on Movement, Not Profit Illinois has become […]Illinois Governor JB Pritzker Greenlights Crypto Tax of 0.2% on Every Transfer Starting 2027
Illinois has enacted a 0.2% tax on digital asset transfers that will apply whether a trade ends in profit or loss, beginning Jan. 1, 2027. Industry groups have branded the measure the most punitive crypto tax in the U.S. and are already pushing for a repeal. A Tax on Movement, Not Profit Illinois has become […]