Make Crypto Donations and Be Free from CG Tax

One of the things that many people are not aware of is that of ‘saving children’. Every child has a right to be educated, protected, and healthy. This is one of the pivotal principles of ‘save the children. Also, many believe that crypto can be a good force for kids. You can also join one of the global movements to HODL i.e. Hope for Children. You can make crypto donations which will help make a meaningful change in the children and their families and communities across the globe.

Coins that You Can Donate –

The world’s first, International Non-Governmental Organization, ‘Save the Children’ accepted bitcoins in the year 2013 in response to Typhoon Haiyan which had occurred in Southeast Asia and the distressed Philippines. There is a cryptocurrency fundraising collaboration where you can donate the following kinds of cryptocurrency which are as follows – Bitcoin, Ethereum, Aave, Alchemix, Amp, Ankr Network, AP13, Audius, Axie Infinity, Balancer, Bancor Network Token, Basic Attention Token, Bitcoin Cash, BarnBridge (BOND), Chainlink, and there are many other cryptocurrencies that you can donate. Besides that, if any cryptocurrency is not there on the list, then you can contact the fundraiser or the NGO organization.

Crypto Giving and #NFT Tuesdays –

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Apart from all of that, the organizations also accept the proceeds from NFT mints including that of smart contracts provided it is converted into an accepted crypto-currency such as ETH. Many people are also not aware of #CryptoGivingTuesday. It is an unofficial beginning of the #bagseason also known as the holiday and the year-end giving season for the community of crypto. It takes place annually on Tuesday which comes after the American holiday, Thanksgiving. Also, many people are not aware of #NFTuesday. It is the new giving block newly created 1-day celebration of NFT charity. Over the past few years, the NFT community has donated several millions of $$$ in crypto to many charitable organizations. This day is important as it brings together the NFT projects, artists, marketplaces, galleries, and studios which help in creating visibility for these incredible years and also it helps in raising more coins for important social causes.

Tax-Deductible –

Many people have this common question that whether their crypto donations are tax-deductible. So, the answer for the same is yes. Your crypto donation is tax-deductible. Save the Children organization or project is offering and assisting the supporters who want to donate the cryptocurrency towards the charitable cause and the way of giving in a tax-efficient manner. The IRS has made the cryptocurrency donations as not being capital gains tax-deductible and tax-deductible.