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ericoka
New Member

Can I deduct donations to crowdsourcing for victims of the hurricanes etc., ie WePay Houston Hurricane victims by JJ Watt?

 
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JulieCo
New Member

Can I deduct donations to crowdsourcing for victims of the hurricanes etc., ie WePay Houston Hurricane victims by JJ Watt?

It depends.  Donations are only tax deductible if made to qualified organizations—generally, 501(c)(3) charities—and if properly documented.

Many times crowdfunding donations are considered gifts and are not tax deductible.

Here is a link to search for IRS Tax Exempt Organizations:

https://apps.irs.gov/app/eos/

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JulieCo
New Member

Can I deduct donations to crowdsourcing for victims of the hurricanes etc., ie WePay Houston Hurricane victims by JJ Watt?

It depends.  Donations are only tax deductible if made to qualified organizations—generally, 501(c)(3) charities—and if properly documented.

Many times crowdfunding donations are considered gifts and are not tax deductible.

Here is a link to search for IRS Tax Exempt Organizations:

https://apps.irs.gov/app/eos/

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