Money collected through crowdfunding campaigns can be considered nontaxable if it meets the IRS' definition of a gift.
Officer Wilson, but will be tax deductible for donors as well. Shield of Hope is a Certified Charity on GoFundMe, is available via public search with GoFundMe, and has been designated by the IRS as a 501c(3) non-profit organization. With the creation of a new page, the donation amount ...
Are my donations to a GoFundMe tax-deductible? On the other hand, people who donate to crowdfunding campaigns may wonder if their generosity can earn them a tax deduction. The answer? Typically not. That's because the IRS has strict rules about what kind of charitable donations merit ...