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Are Gifts Earmarked for Specific Individuals Tax-Deductible?February 17, 2020
Q: A neighbor’s house recently burned to the ground and I started a GoFundMe page to raise funds to help the family cover living expenses and replace some of their belongings destroyed in the fire. Are the contributions tax-deductible charitable…
Donations to Individuals and Families: Generous, Yes, Tax-Deductible, NoOctober 21, 2019
People often ask about making donations to support individuals or families victimized by a tragedy, medical emergency, or natural disaster, and are surprised to learn that gifts earmarked for specific individuals are not tax deductible as charitable…