https://ttlc.intuit.com/community/taxes/discussion/re-qeuestion/01/3415157#M1259384 <P>The general rule is that all income is taxable. The exception is if you're registered as a non-profit entity with the iRS/state. Just declaring your website to be not-for-profit is not enough.&nbsp; This would probably require a lawyer to draw up the necessary legal documents.&nbsp;</P> Mon, 06 Jan 2025 19:29:43 GMT Mike9241 2025-01-06T19:29:43Z https://ttlc.intuit.com/community/taxes/discussion/qeuestion/01/3414036#M1259368 <DIV class=""><DIV class=""><DIV class=""><DIV class=""><DIV class=""><DIV class=""><DIV class=""><DIV class=""><DIV class=""><DIV class=""><DIV class=""><DIV class=""><DIV class=""><P data-unlink="true">If my website generates income through donations, do I need to pay taxes on that income? Additionally, how can I determine how much tax I would owe, if any? I’d like to understand the specific rules, such as whether donations are considered taxable income, and if there are any exemptions&nbsp; or thresholds that might apply. Could you clarify this, especially if the website is a nonprofit&nbsp; or operates in a personal capacity?</P></DIV></DIV></DIV></DIV><DIV class=""><DIV class="">&nbsp;</DIV></DIV></DIV><DIV class=""><DIV class="">&nbsp;</DIV></DIV></DIV></DIV></DIV></DIV></DIV></DIV></DIV></DIV><DIV class=""><DIV><DIV class=""><DIV class=""><DIV class="">&nbsp;</DIV></DIV></DIV></DIV></DIV> Sat, 04 Jan 2025 11:00:27 GMT https://ttlc.intuit.com/community/taxes/discussion/qeuestion/01/3414036#M1259368 themilitaryreporter 2025-01-04T11:00:27Z https://ttlc.intuit.com/community/taxes/discussion/re-qeuestion/01/3415157#M1259384 <P>The general rule is that all income is taxable. The exception is if you're registered as a non-profit entity with the iRS/state. Just declaring your website to be not-for-profit is not enough.&nbsp; This would probably require a lawyer to draw up the necessary legal documents.&nbsp;</P> Mon, 06 Jan 2025 19:29:43 GMT https://ttlc.intuit.com/community/taxes/discussion/re-qeuestion/01/3415157#M1259384 Mike9241 2025-01-06T19:29:43Z