For donors in the United States, the IRS has classified cryptocurrencies as property for tax purposes. This means that when you donate cryptocurrency to a 501(c)(3) nonprofit like Salute Veterans Inc, you aren’t required to pay capital gains tax and the amount of your cryptocurrency donation can be written off on your taxes.

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Donating your cryptocurrency to Salute Veterans Inc is a win for the donor and a win for Veterans. Your cryptocurrency 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 (EIN: 84-2016237) and will receive the entire amount of cryptocurrency and ultimately a larger gift.

After making your crypto donation, please email us at hq@saluteveterans.org so we can record your gift and send a tax receipt. In accordance with our gift policy, all donations in cryptocurrency are final.