Why Donating Cryptocurrency May Be Your Best Tax Strategy This Year

Reported 3 days ago

In the evolving world of cryptocurrencies, those who have seen substantial gains may face hefty tax bills. Donating appreciated crypto to a qualified charity can be a smart move, offering tax deductions based on the fair market value of the asset, without incurring capital gains taxes. Following specific rules can maximize savings for taxpayers, making charity donations not only beneficial for the cause but also financially advantageous.

Source: YAHOO

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