Colorado Now Accepts Bitcoin Payments For Taxes – Bitcoin Magazine

Colorado has become the first state in the United States to accept bitcoins to pay taxes.

Gov. Jared Polis announced the implementation of the new payment method Monday at Denver Startup Week, according to a report from Axios Denver.

According to the report, citizens can use cryptocurrency to pay individual income tax, corporate income tax, sales and use tax, withholding tax, severance tax and special fuel tax.

The state government’s Department of Revenue now lists “cryptocurrency” as a payment method among the more established credit and debit cards, ACH debit and credit, and cash.

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