Supporting MOWAC in a cryptocurrency is a tax efficient way to guarantee nutritious meals for homebound seniors in Alameda County.
Guarantee nutritious meals by sending your Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Z-cash, or Gemini Dollars (GUSD). Consult with your financial planner to determine your tax benefits.
The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)3 charities receive the same tax treatment as stocks. 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. Please contact your tax or financial advisor for more information.