Save on your Taxes by Donating Crypto​​​​​​​

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Why Donate Crypto Directly? Taxes!​

 

There’s a reason high net worth individuals tend to donate property instead of cash. Donating cryptocurrency directly to a 501c3 nonprofit is more tax efficient and can save you money.

 

​The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax efficient way to support your favorite cause. When donating crypto, you receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation.

 

That means you’re able to donate more, as well as deduct more on your tax return. The difference? Sometimes more than 30%.​

 

If you provide an email, you will automatically receive a tax receipt after donating.