Back with Pomp: How to Save Big on Crypto Taxes Before April 15

1. The Hidden Tax Trap of Selling Bitcoin

Most crypto holders focus on timing the market: “When should I buy? When should I sell?” But there’s a third, often ignored, factor—taxes. When you sell Bitcoin or any crypto, the IRS takes its share. Short-term or long-term capital gains, or even income—none of its safe. The result? You could lose up to 20–37% of your gains overnight, depending on your tax bracket and how long you held. 

That’s why it’s critical to think long-term. And long-term strategies begin with tax-advantaged retirement accounts like Roth IRAs, Traditional IRAs, and SEP IRAs. 

2. The Crypto Hack the Wealthy Are Using: Bitcoin IRAs

What if you could grow your Bitcoin and crypto tax-free? Enter the Bitcoin IRA—a retirement account that allows you to buy, sell, and hold crypto within a tax shelter. It’s a legal, IRS-compliant way to optimize your retirement—and possibly 10x your crypto portfolio without triggering taxes every time you trade. 

There are three main ways to fund a Bitcoin IRA: 

• Annual Contributions: Up to $7,000 ($8,000 if you’re over 50) for 2024. Still time to contribute for 2024 before April 15. 

• IRA Transfers: Move funds from an existing IRA (Fidelity, Schwab, etc.) without tax consequences. 

• 401(k)/403(b) Rollovers: Left your job? Liberate that dormant retirement fund and roll it into a crypto IRA. 

And yes—it’s easier than it sounds. BitcoinIRA¹ offers support to help with paperwork, even if you’re dealing with old-school pensions, TSPs, or employer delays. 

3. Choosing the Right IRA: Traditional vs. Roth vs. SEP

Each account type has its own tax advantages and ideal user profile: 

• Traditional IRA: Pre-tax contributions typically reduce your current taxable income. Perfect if you’re looking to lower your tax bill today. 

• Roth IRA: Post-tax contributions grow completely tax-free1. If Bitcoin goes 10x, your future self will thank you. No taxes on gains when you withdraw at retirement and certain conditions are met. 

• SEP IRA: Ideal for self-employed or 1099 earners. Contribute up to ~$66,000 per year pre-tax. The ultimate tool for entrepreneurs and freelancers. 

• Backdoor Roth: For high-income earners, this strategy lets you convert Traditional IRA funds into a Roth—even if you exceed the income limit. 

And if you’re running your own business or side hustle? Look into Solo 401(k)s—where you and your spouse could stash away up to $150K per year tax-deferred. 

4. What Can You Do with Crypto Inside a BitcoinIRA account?

Once your funds are inside the account, you can: 

• Buy over 75+ cryptocurrencies (Bitcoin, Ethereum, Solana, and yes—even meme coins like SHIB and Trump coin) 

• Trade freely without triggering taxable events 

• Pass assets to heirs easily through beneficiary designations and inherited IRAs 

Your IRA is self-directed, meaning you choose what to invest in and when. And all of it is held with institutional-grade custody, insured for up to $250 million². 

5. Act Before April 15: Last Chance to Save on 2024 Taxes

Time is ticking. If you haven’t contributed to your IRA for 2024, you have until April 15 to do so. That’s up to $7,000 you can shelter from taxes—and potentially invest into a Bitcoin rally. 

And to sweeten the deal, BitcoinIRA is offering up to $1,000 in cashback rewards for eligible deposits made before the deadline. 

Conclusion 

Crypto is volatile. Taxes are certain. But smart investors know that where you invest matters just as much as what you invest in. A Bitcoin IRA gives you the tax edge you need to compound your crypto gains without giving Uncle Sam a cut. Whether you’re a long-term HODLer, an active trader, or a small business owner, this is your chance to take control of your financial future—with the full power of tax-advantaged crypto investing. 

Ready to protect your Bitcoin from the IRS? Open a BitcoinIRA account today or schedule a call to speak with a BitcoinIRA expert. Don’t wait—April 15 is your deadline to fund 2024 and lock in the benefits.