Crowdfunded generosity isn’t taxable – but IRS regulations haven’t kept up with the growth of mutual aid
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 treats what you got as a gift as if it were earned income. And receiving this […]
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