Are donations for medical expenses taxable?

There is no denying that medical crowdfunding has become a great platform for people who require assistance with their medical bills for chronic and life-threatening illnesses and conditions, from after-accident assistance to cancer. However, one of the common questions people have is whether or not their donations are going to be taxable. So, let’s take a look…

When a crowdfunding campaign is set up for medical costs specifically, it can be confusing as to whether tax must be paid on the donations. While MyCause cannot provide tax advice, we can help you to get a bit of a better understanding. 

Your donation is not going to be tax deductible when you donate to a family member or friend. This means you are not going to be able to claim it back when you file your tax return. 

When the person receives any funds via a crowdfunding platform for medical costs, they will receive the funds as a ‘gift'. The person receiving the money needs to seek professional tax advice regarding the funds received.

Irrespective of the particulars regarding tax, there is no denying that donating funds to a loved one, be it a friend, family member, or even a work colleague, can be one of the best gifts that you ever give a person. There are so many people facing life-threatening conditions who cannot afford to get the assistance they required. To be able to help is a great thing to say the least.

Donate to a charity, family member or friend now.