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posted Apr 7, 2023 7:00:49 AM

Is a GoFundMe campaign; financial help for schooling. Considered a "other tax free assistance?"

I am being asked if my kid received a scholarship or Grant OR other types of aid. When I click on yes there is no option for a GofundMe dontation. So should I just click NO?

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1 Best answer
Expert Alumni
Apr 7, 2023 7:14:48 AM

Yes. Donations made to personal GoFundMe fundraisers are generally considered to be  'personal gifts' which, for the most part, are not taxed as income in the United States. This means it would not be entered on your tax return.

1 Replies
Expert Alumni
Apr 7, 2023 7:14:48 AM

Yes. Donations made to personal GoFundMe fundraisers are generally considered to be  'personal gifts' which, for the most part, are not taxed as income in the United States. This means it would not be entered on your tax return.