Daffy

What is the last day I can contribute to my Daffy fund for it to count on my 2022 taxes?

Stock

When it comes to managing your taxes and charitable giving, Daffy offers a fantastic solution. One of the key benefits of Daffy is the immediate tax deduction you can claim when you contribute cash, stock, or crypto to your fund. Not only does this provide a tax advantage, but it also allows you to invest these assets to increase their potential impact and gives you the time to select the charities you wish to support. To ensure your contributions qualify for a 2022 tax deduction, here are the key dates to remember: - 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 Transfer, initiate your grant to "Daffy Charitable Fund" with your existing provider by December 16, 2022, as grant processing times vary. While donations to the end charity are not subject to end-of-year deadlines, we understand that many of our members prefer charities to receive their donations during the holiday season. Therefore, we recommend submitting your donation by December 16, 2022, and we’ll do our best to get it out as quickly as possible. Remember, while an existing DAF transfer is not tax-deductible, it will ensure that these funds will be available this calendar year for donation recommendations. It will also save you fees in 2023! Daffy is not responsible for delays caused by a brokerage firm, DAF provider, or charity. However, we encourage you to initiate your contributions sooner rather than later. Consider setting a goal for how much you want to give this year and automate your contributions on a weekly or monthly basis. This way, you can manage your charitable giving effectively and maximize your tax benefits. With Daffy, you can make a difference and manage your taxes efficiently. Start contributing today!

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.

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