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Crowdfunded generosity isn’t taxable – but IRS regulations haven’t kept up with the growth of mutual aid

  • Written by Shelly Tygielski, Doctoral Student in Philanthropic Leadership, Indiana University
Crowdfunded generosity isn’t taxable – but IRS regulations haven’t kept up with the growth of mutual aidCharitable crowdfunding is on the rise, but the IRS hasn't caught up yet.wassam siddique/iStock via Getty Images Plus

Have you ever received some money through a GoFundMe campaign or Venmo or CashApp transfers after a medical emergency, natural disaster or other crisis?

If so, you may have also gotten an unwelcome surprise: a federal tax form that...

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