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Old 06-24-2009, 09:39 PM
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taxable donations???

What is the name of your state (only U.S. law)? IL
Trying to find out some info for a friends son. Was hurt in an accident and the community put on a benefit for him. Made $23,600.00, will he need to pay taxes on this??? Or is this some kind of write off??

Thanks for your help.
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Old 06-25-2009, 06:35 AM
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The donors made non-deductible gifts. The recipient simply received the gifted money, not income. The gifts are not deductible for the donor, and not taxable for the recipient.
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Old 06-25-2009, 07:57 PM
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Thank You!!
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