How do I donate Crypto?
Is my Crypto Donation Tax Deductible?
Yes! Your crypto donation is tax deductible. Meals on Wheels North Central Texas offers supporters who want to donate their cryptocurrency the ability to give tax-efficiently.
The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax-deductible. Your contributions are tax-deductible to the fullest extent permitted by law.
*Please consult your tax advisor or financial planner to determine your tax benefits.
What are the benefits?
The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax on the appreciated amount and are tax-deductible. Cryptocurrency donations to registered charities are tax-deductible and can often reduce your tax burden.
Can I donate anonymously and still receive a tax receipt?
Yes. Donors who wish to give anonymously can supply an email address during the donation process where they will receive their automatic tax receipt.