“A friend of mine is really sick and in the hospital. There is a GoFundMe page set up to provide financial support to them and their family while they are not able to work. It will also help pay for additional medical expenses that are not otherwise covered. Can I claim donations made through GoFundMe on my personal tax return?”
Generally, the answer is NO. GoFundMe is an online platform that helps raise money for a variety of causes like medical and living expenses, emergencies, memorials, education, vet bills, and more. When the organizer is not a registered charity, the donations are not eligible for the donation tax credit.
That said, sometimes non-profits that are registered charities will also use GoFundMe as a platform to fundraise. In this specific situation, you should receive a donation receipt which would allow you to claim it on your personal taxes.
Have a question? Email or call us. And remember to check out our blogs, checklists and social media pages for more information on all things small business, tax, accounting and the Tri-Cities community.
***This blog is for information only and not to be used as tax advice or planning without first seeking professional advice. Information is subject to change without notice.