Crowdfunding : Is it Tax Deductible?

philanthropy and crowdfunding
While crowdfunding is not usually tax deductible, it's still a great way to exercise your philanthropy muscles!

Crowdfunding raises money by gathering supporters who pay a little bit each to fund a project. Under the federal rules for charitable tax deductions, donations are only deductible if made to qualified organizations—generally, 501(c)(3) charities—and if properly documented. Donations to individuals are not tax-deductible. For more detailed information, see IRS Publication 526 or discuss with a tax professional. (source)