Why Donate Cryptocurrency to Charity?
We are making it even easier for you to donate Bitcoin, Bitcoin Cash, Ethereum, Litecoin or USD coin to Salute Veterans Inc. For donors in the United States, the IRS has classified cryptocurrencies as property for tax purposes. This means that when you donate Bitcoin or other cryptocurrencies to a 501(c)(3) nonprofit like Salute Veterans Inc, you aren’t required to pay capital gains tax and that amount can be written off on your taxes.
Donating your cryptocurrency to Charities such as Salute Veterans Inc is a win for the donor and a win for Veterans. Your crypto currency donation will be valued at the time of donation at its fair market value, and you will receive a larger tax benefit because the entire FMV of the donation can be deducted. As a 501(c)(3) organization, Salute Veterans Inc. is tax-exempt Non Profit (EIN: 84-2016237) and will receive the entire amount of cryptocurrency and ultimately a larger gift.
After making your cryptocurrency donation, email us at firstname.lastname@example.org so we can record your gift and send you a tax receipt. In accordance with our gift policy, all cryptocurrency donations are final.