In general, donations made through GoFundMe are not tax-deductible. This is because GoFundMe donations are typically considered personal gifts, which are not tax-deductible. However, there are some exceptions to this rule. For example, if the campaign is organized by a registered nonprofit organization, donations may be tax-deductible. Similarly, if the campaign is organized to support a qualified charitable cause, such as disaster relief efforts or medical expenses, some or all of the donations may be tax-deductible.
It's important to note that tax laws vary by country and region, so it's always a good idea to consult with a tax professional or financial advisor for guidance on how donations made through GoFundMe may impact your taxes. Additionally, GoFundMe provides a receipt for each donation that includes the donation amount, the date of the donation, and the name of the campaign organizer, which can be used for record-keeping purposes.
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