How do taxes work?

 

If you're raising funds for a charity...

Crowdfunding for a non-profit, tax-deductible 501c3 charity means that as the organizer of the campaign, you should have no tax liability. This also means that you can only claim donations which you personally made and received a donation receipt for, and not the combined donations for your entire campaign.

For more detailed information about how taxes apply to your personal situation, we recommend consulting with a tax professional, as everyone's finances are so unique.

If you're a donor...

Check out This Article about how taxes work for donors, what to expect with your receipt and more.