Are donations to GoFundMe fundraisers tax deductible? Are they considered tax write offs?
These fundraisers are only tax-deductible in specific situations, so don’t bank on them reducing your taxes this year.
It is possible to get a tax deduction by donating to charities in the US. The Internal Revenue Service (IRS) allows deductions only for contributions made to qualified charitable organisations that have tax-exempt status.
You can use the IRS Exempt Organizations Select Check tool to verify an organization’s tax-exempt status.
In the context of GoFundMe, only campaigns for these registered 501(c)(3) nonprofit organisations are tax-deductible. This is because most GoFundMe campaigns are created for personal reasons, such as medical expenses, education costs, or other personal needs.
The company has a specific section of their website for charity fundraising.
This year, we showed up for each other.
— GoFundMe (@gofundme) December 5, 2023
Explore GoFundMe’s Year in Help review for 2023’s biggest fundraising moments and the data behind your collective kindness.
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If you are donating in order to deduct from your taxes then it is worth checking with the host of the campaign before donating. On a charity fundraiser, the name of the charity will be displayed next to the name of the organiser.