Your Crypto Taxes Can Be Donated to Charity Instead

The crypto community is incredibly financially literate and savvy.

Despite everyone calling for crypto adoption and more merchants to accept crypto as payment, most people want to accumulate more crypto, not spend it.

Those same tax laws that make it a pain to use crypto to buy coffee also make it an incredibly tax-efficient way to donate to your favorite charity.

How to donate with cryptoWhen you donate crypto, everybody wins - except the IRS. That's because when you donate crypto directly to a nonprofit, it is not a taxable event, meaning you do not pay capital gains tax and can deduct it on your taxes to offset other gains or income.

The best part yet? Not only can you lower your taxes, but you can make sure you keep the same amount of crypto in your portfolio.

Replace the way you typically donate with crypto and you'll actually be able to donate and deduct 20%+ more, then repurchase that same amount of crypto afterwards.

Donated more, saved more, and kept the same crypto balance.

Do many nonprofits accept crypto donations?Yes, more and more are getting onboard.

Another added benefit of donating crypto is that it encourages more nonprofits to accept crypto, boosting adoption in the process.

Merging his nonprofit experience and passion for crypto trading, Pat co-founded The Giving Block and now designs and implements initiatives focused on elevating nonprofit outcomes and cryptocurrency adoption.