Tax-efficient charitable giving with crypto & stock donations
Maximize the tax benefits of your year-end giving.
Give back and get back.
Donating a non-cash asset like cryptocurrency and stock is one of the most tax-efficient ways to support your favorite causes. Want to maximize your tax savings via charitable giving? This is how.
Cryptocurrency Donations
Investors can enjoy big gains because of crypto’s volatility. Donating crypto to a qualified charitable organization can help you offset those gains, so you can save more and give more.
Stock Donations
Make room in your portfolio for next year’s big-growth stocks. Donating stocks has always been tax-efficient, but we removed a lot of the red tape to make it easier than ever.
TL;DR for 2024: Donate crypto, lower your taxes
Navigating crypto tax codes can be tricky, so we’ve put together all the resources you need to unravel the complexities of cryptocurrency taxation for your financial gifting in 2024.
Tax & Charitable Giving Resources
Stay informed on your tax options, no matter what or when you choose to donate.
Calculate your tax deductions
Estimate the tax benefits of crypto and stock donations you make through The Giving Block.
Connect with Private Donor Services
Secure, private and white-glove services handled personally by your dedicated expert.
Crypto Tax Services & Software
Ready to make a difference with your crypto and stocks?
Frequently Asked Questions
How can I qualify for a tax deduction by donating crypto or stock?
In the U.S. and several other countries, donating non-cash assets like crypto and stock to qualified charities has significant tax benefits. Donated crypto and stocks generally aren’t subject to capital gains tax, which can be as high as 20%. In some cases, these donations can also qualify for a charitable dedication on your tax returns. The result is often a big boost in tax savings for you, and more to give in support of your favorite causes.
How do I calculate my capital gains on my crypto and stock portfolio?
Typically, you can calculate capital gains by subtracting the fair market value of your assets when you purchased them from the fair market value at the time of sale (or donation). Capital gains taxes are incurred on appreciated assets, and depend on several factors including how long you held the asset and your total income. To determine how much capital gains tax you may owe, we recommend that you consult with a qualified tax advisor about your unique financial situation as The Giving Block is not qualified to give tax advice.
Where do I report my capital gains?
In the U.S., IRS Form 1040 D is used to report short-term and long-term capital gains and losses.
Do I need a tax receipt as proof of my donations?
Yes, the IRS and other federal tax-collecting agencies will likely request donation receipts as proof of your charitable giving. The Giving Block generates tax receipts for donors who opt to receive one. These donors will receive their tax acknowledgment receipts via email.
Where can I get a qualified appraisal of my crypto or stock donation?
Are there tools to help me calculate my crypto taxes?
Yes, there are several reliable tools and services you can use including Accointing, Cointracker, CoinTracking, Markum LLP, TaxBit, and Zenledger. Looking for a quick estimate? Use our Tax Benefit Calculator for Crypto & Stock Donations.
Can I donate to more than one charity?
Have questions or require assistance with your crypto or stock donations?
Our team is available to answer any questions you may have about using our Donation Form or any other questions about donating crypto and stocks. Contact us at [email protected]
