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Taxes for Organizers

Donations made to personal GoFundMe fundraisers are generally considered to be "personal gifts" which, for the most part, are not taxed as income in the United States. 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. For example, if the donations are considered income to the recipient.

The best way to ensure that you are in compliance with the tax laws is to maintain adequate records of donations received and consult with a tax professional. As part of GoFundMe’s Terms and Conditions, you have represented that you are not providing any goods or services in exchange for the donation of funds. As a result, GoFundMe will not provide you with any tax documentation for money raised on your fundraiser, nor will GoFundMe report the funds you collected as earned income.

For information about tax deductibility for charity fundraisers, please click here

 

 

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