For Donors

Federal Tax Deductions:

• Crypto Donations:

  • Donors can deduct the fair market value (FMV) of the cryptocurrency on the date of the donation if they’ve held it for over a year.

  • Donors avoid paying capital gains tax on appreciated cryptocurrency when donating directly to the nonprofit.

• Standard Deduction Benefits:

  • Donations count toward the charitable deduction limit (typically 60% of adjusted gross income for cash-equivalent contributions).

California State Tax Deductions:

• Charitable Contribution Deduction:

  • Similar to federal rules, donors can deduct crypto donations on their California state taxes.