PayPal to Offer Free Tax Filing Services for Debit Card Users

PayPal has announced that it will provide free self-service tax filing for its debit card users, including free federal and state tax filing services for U.S. PayPal Debit Mastercard users in 2025. According to Odaily, PayPal's official website indicates that users must report cryptocurrency transactions on its platform. Starting from the 2025 tax year, the U.S. Internal Revenue Service requires digital asset brokers like PayPal to report gains from digital asset disposals on Form 1099-DA. If users dispose of digital assets, such as selling or exchanging cryptocurrency within the applicable tax year, PayPal will send the IRS Form 1099-DA to users by February 15.