Ohio Takes Cryptocurrency for Tax Payments

With the introduction of OhioCrypto.com, Ohio has become the first state to allow payment of taxes with cryptocurrency. The webpage is a portal for paying Ohio taxes with Bitcoin.

Cryptocurrency Payments

Bitcoin is the only cryptocurrency currently accepted at OhioCrypto.com. Payments are made on a blockchain and can be tracked in real time. Transfers to third parties require user initiation.

Twenty-three taxes are eligible for payment on OhioCrypto.com, including:

  • commercial activity tax (CAT);
  • sales tax;
  • withholding tax; and
  • public utilities tax.

Other methods of payment include ACH credit, ACH debit, check and money order.

Pay Ohio Tax with Bitcoin

Additional information can be viewed on the Treasurer’s website at http://tos.ohio.gov/News/15207 and http://ohiocrypto.com/faq.

News Release and Frequently Asked Questions, Treasurer of Ohio, November 26, 2018

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All stories by: CCHTaxGroup