Donations can be considered nontaxable gifts for tax purposes, according to the IRS. However, you may have to pay taxes on money raised in a crowdfunding campaign.
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Crowdfunding organizations, such as GoFundMe, have made it easier than ever to raise and collect funds for personal causes.If you found yourself at the helm of a campaign last year, or if you set up a fundraiser for another person, chances are that meeting your donation goal was top of mind. But there are also...
