Daffy is a fantastic option for handling your tax-deductible charitable contributions. As a registered 501(c)(3) nonprofit organization, Daffy operates as a donor-advised fund (DAF). This means that when you contribute to your personal charitable fund at Daffy, your contributions qualify as tax-deductible in the year they are made.
One of the standout features of Daffy is its extensive reach. With Daffy, you can donate to over 1.5 million charities through the Daffy app or website. This gives you the freedom to support the causes that matter most to you.
Daffy also ensures that 100% of all donations go directly to the recipient organization. They don’t charge credit card or transaction fees, and they accept stock and crypto donations, which are delivered to charities as cash.
If you're an investor who has benefitted from the rise in the stock market this year, Daffy provides a rare opportunity for you to maximize your generosity to charities while also benefiting personally from tax deductions.
Remember, all of your contributions with Daffy qualify as tax-deductible in the year they are made. This makes Daffy a great option for those looking to bunch their contributions for major tax savings.
Please note that the information provided here is for educational purposes only and should not be considered tax or investment advice. To assess your specific situation, please consult with a tax and/or investment professional.
Join the Daffy community today and make giving a habit. Daffy is not just a DAF, it's the Donor Advised Fund for You™.
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.