Funds received from personal fundraisers may be taxable.

Things that may impact if the money you received is taxable include:

Consult a tax professional for questions about whether the donations you received are taxable.

Note: If you raise more than $20,000 in donations from personal fundraisers on Instagram in a year, you’ll receive a 1099 form from Stripe. Learn more about Stripe, the company that processes payments for personal fundraisers on Instagram.