Are Charitable Donations Still Tax-Deductible? Yes, and Donating Crypto is a Good Idea

Yes, but only if you itemize, and your itemizations are greater than the standard deductions: The 2022 standard deduction applies to all taxpayers: Single taxpayers and married individuals filing separately: $12,950 Married individuals filing jointly: $25,900 In order to deduct charitable contributions and other eligible expenses, you’ll need to itemize instead of taking the standard …

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What is Fiscal Sponsorship?

A fiscal sponsor is a nonprofit organization that provides fiduciary oversight, financial management, and other administrative services to help build the capacity of charitable projects. Using a fiscal sponsorship arrangement offers a way for a cause to attract donors even when it is not yet recognized as tax-exempt under Internal Revenue Code Section 501(c)(3). In …

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