The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax efficient way to support your favorite cause. When donating crypto, you receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation.That means you’re able to donate more, as well as deduct more on your tax return. This is not financial advice, Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes Bitcoin, Ethereum and other cryptocurrency donations one of the most tax efficient ways to support your favorite cause. When you donate crypto to Martha's Kitchen, we immediately transfer your coins to fiat. Please note: All cryptocurrency donations made to Martha's Kitchen are non-refundable. In order to get a receipt please make sure to enter youu email. Please only send currencies listed on the widget, do not send unsupported currencies (including unsupported ERC-20s, ERC-721s and BEP20s) as these may be lost.” Consult with your financial planner to determine your tax benefits.