Givebutter issues 1099s in accordance with applicable laws and regulations. If you are subject to receiving a 1099, you will receive it in February following the close of the previous fiscal tax year.
For fiscal year 2022, anyone who received at least 200 transactions through Givebutter AND their total amount was $20,000 or greater will receive a 1099 from Stripe, our payout partner.
👉 Note: Some states may have a lower reporting threshold. Please consult with your CPA or accountant regarding your specific situation.
As a rule of thumb, donations are tax-deductible if the campaign's beneficiary has nonprofit status with the IRS. Givebutter defines the “beneficiary” as the final recipient of any funds raised.
You can read more about 1099 forms on the IRS website. We're unable to give specific tax advice and always recommend consulting a tax professional regarding current tax regulations. 😊