If you're looking to make the most of your charitable contributions for the 2022 tax year, Daffy is a fantastic option. Not only does Daffy allow you to contribute cash, stock, or crypto to your fund, but you can also take an immediate tax deduction for those contributions. Plus, you have the flexibility to invest those assets to increase their potential impact and take your time selecting the charities you wish to support.
To ensure your contributions qualify for a 2022 tax deduction, here are the key dates you need to know:
- For cash contributions (ACH Transfer, Apple Pay, or debit/credit card), initiate on Daffy by Saturday, December 31, 2022 at 11:59 pm PST.
- For stock and ETFs, initiate with your broker by December 16, 2022. Broker processing times vary, and the stock must be received and verified by Daffy by December 31, 2022 at 11:59 pm PST.
- For crypto, initiate wallet transfer and it must be cleared by the specified blockchain by December 31, 2022 at 11:59 pm PST.
- For DAF transfers, initiate your grant to "Daffy Charitable Fund" with your existing provider by December 16, 2022, as grant processing times vary.
Remember, while donations to the end charity are not subject to end-of-year deadlines, Daffy understands the importance of charities receiving donations during the holiday season.
In addition to these benefits, Daffy also provides a comprehensive guide to help you navigate the latest IRS tax updates from 2022 to 2023. This includes updated tax brackets, charitable deduction limits, and much more.
With Daffy, you can maximize your charitable contributions while making a significant impact on the causes and organizations you care about.
Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.