Donations made to personal GoFundMe fundraisers are usually considered to be personal gifts which, for the most part, aren’t taxed as income. Additionally, these donations are not tax deductible for donors.
However, there may be particular case-specific instances where the income is in fact taxable for organizers (depending on amounts received, use of the funds, etc.), so we recommend that you maintain adequate records of donations received and consult a tax professional to be sure. GoFundMe will not report your donations as income at the end of the year, or issue any tax documents. Because everyone's situation is different and tax rules can change from time to time, we’re unable to give any tax advice.
For information about tax deductibility for charity fundraisers, please click here.