Do I have to pay taxes on donations I receive through a personal fundraiser on Instagram?

Funds received from personal fundraisers may be taxable.

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

  • The amount of funds received
  • What you intend to use the funds for
  • Where you live

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.

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