self-employment tax

The S-Corp Strategy: How Bitcoin Miners Cut Self-Employment Tax by Thousands

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Tax Strategy 5 min read The S-Corp Strategy: How Bitcoin Miners Cut Self-Employment Tax by Thousands If you’re mining bitcoin through a sole proprietorship or standard LLC, you’re probably paying more tax than you need to. Self-employment tax hits every dollar of mining profit at 15.3%, and that adds up fast. The bitcoin mining S-Corp … Read more

How Bitcoin Mining Income Is Taxed: What Every Miner Needs to Know

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Tax Strategy 5 min read How Bitcoin Mining Income Is Taxed: What Every Miner Needs to Know If you’re mining bitcoin – or even just looking into it – you need to understand how bitcoin mining taxes work. The IRS treats crypto as property, not currency and not stock. Mining has its own tax rules, … Read more