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18 lis 2024 · Donations made to a personal GoFundMe fundraiser, rather than a charity fundraiser, are generally considered to be personal gifts and aren’t guaranteed to be tax-deductible. But you can always check with a tax professional to be sure. You won’t be issued with a tax receipt from GoFundMe.
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6 cze 2024 · If your crowdfunding campaign raised more than a certain amount of money and if contributors received anything in return for their donation, the fundraising platform will probably send you a...
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6 dni temu · Discover if GoFundMe donations are tax-deductible, learn IRS rules, and get essential tax tips for effective giving.
30 wrz 2021 · Generally, contributions made to “crowdfunding” campaigns (such as GoFundMe) are considered to be personal gifts, and as such, are not taxed as income to the recipient. The IRS does not consider fundraising proceeds a taxable source of income.
30 paź 2023 · This article elucidates the tax landscape surrounding GoFundMe and similar crowdfunding platforms, providing valuable tax tips to ensure you stay IRS-compliant while championing your cause. What is GoFundMe and How Does It Work?
