Charitable Deductions for Digital Asset Donations Act
To amend the Internal Revenue Code of 1986 to except digital assets from the appraisal requirement applicable to certain charitable contributions, and for other purposes.
The proposed bill, HB9173, aims to modify the Internal Revenue Code to remove the appraisal requirement for certain charitable contributions involving digital assets. This means that individuals or organizations donating digital assets, like cryptocurrencies, to charity would not need to get an official appraisal of the asset's value to claim a tax deduction. This change is intended to make it easier and more straightforward for people to donate digital assets to charity while still benefiting from tax deductions.
This bill would primarily affect donors who contribute digital assets to charity and the charities that receive these donations. By eliminating the appraisal requirement, it could encourage more donations of digital assets, benefiting both the donors and the charities they support. It could also simplify the donation process for those involved.
As of June 8, 2026, the bill has just been introduced in the House and referred to the House Committee on Ways and Means. There are no further actions or history highlights available at this time. The bill is in its early stages, and it will need to progress through committee review, debate, and voting before it can move forward.
