Cryptocurrency Q&A
Should you donate bitcoin to Fidelity Charitable?
Should you donate bitcoin to Fidelity Charitable?
TaegeukChampionCourage
Fri Jul 12 2024
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7 answers
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Should one consider donating Bitcoin to Fidelity Charitable? With the rapidly evolving landscape of cryptocurrency, it's natural to ponder the benefits and implications of making such a donation. Fidelity Charitable, as a well-known organization in the philanthropic space, has begun accepting Bitcoin donations. But what are the potential advantages? Could it be a more tax-efficient way to give? Or does it offer donors a unique opportunity to support causes they believe in, while also fostering the adoption of a growing digital asset? There are certainly many factors to weigh, from the volatility of Bitcoin's price to the potential long-term impact on charitable organizations. Let's delve deeper into this intriguing question.
7 answers
CryptoTitaness
Sun Jul 14 2024
Donating bitcoin and other cryptocurrencies to Fidelity Charitable presents a unique opportunity for tax optimization.
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CryptoVanguard
Sat Jul 13 2024
For donors, the increased donation size yields greater tax deductions and potential social impact.
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CryptoLord
Sat Jul 13 2024
By bypassing traditional donation methods, you can eliminate capital gains taxes, which can significantly reduce the financial burden.
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Silvia
Sat Jul 13 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to both investors and donors.
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CryptoLodestarGuard
Sat Jul 13 2024
Additionally, the Medicare surtax, which can amount to 23.8%, is also waived when donating crypto directly to Fidelity Charitable.
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