REIGN OF LOVE album has been released!
(or Probably Important Questions)
My shop at Buy Me A Coffee is the best place to purchase all of my music. BMAC only charges a 5% flat fee on all purchases (+transaction fee), which means that more of your money is going toward supporting the artist compared to purchases made on other platforms that take a much larger cut of the profit (Bandcamp, Amazon, iTunes, etc.).
Also, the music that you purchase on my shop are exclusive Deluxe Editions, which include additional digital content such as tracks in WAV format, lyric booklets, and artwork. Membership access provides all content for free.
At this time, I am sharing exclusive content via the Buy Me A Coffee membership platform.
No, crowdfunded donations are not tax-deductible.
Source:
Are GoFundMe Donations Taxable? Tax Tips for Crowdfunding
Tax-Deductible Donations: Rules for Giving to Charity
It depends. If you raise money through a crowdfunding platform for personal causes, such as to get help with a medical bill or to source money for an educational goal, those funds are generally considered a gift and thus not taxable—as long as the people who donated did not receive anything as an incentive for donating.
All donations made via Buy Me A Coffee are considered as taxable income. However, I have provided other avenues for tax-free giving via PayPal and GoFundMe. To avoid processing fees, I have also provided direct donation links for maximum impact; however, this method does not have recurring donation options.
Source:
Are GoFundMe Donations Taxable? Tax Tips for Crowdfunding
California Dreamin’? Navigate Crowdfunding Taxes First!
Yes, there is an "annual gift tax," which is a tax that is applied to gifts that exceed a certain threshold. The 2025 limit is $19K. So long as your gifts do not exceed the limit, it does not need to be reported to the IRS.
Google AI Overview:
The federal gift tax doesn't limit the number of people you can receive gifts from, but it does limit the total amount you can receive from each individual donor without the donor potentially incurring gift tax implications.
Here's how it works:
Annual Exclusion: For 2025, an individual can gift up to $19,000 to any number of people without those gifts counting towards their lifetime gift tax exemption or potentially triggering a gift tax return.
Lifetime Exemption: The lifetime gift and estate tax exemption for 2025 is $13.99 million. If a donor exceeds the annual exclusion for any recipient, the excess amount reduces their lifetime exemption.
Gift Tax Liability: The donor, not the recipient, is responsible for paying any gift tax due. A gift tax return (Form 709) may need to be filed by the donor even if no gift tax is ultimately owed, to track how much of their lifetime exemption has been used.
Key points to understand:
Multiple Donors: You can receive gifts from numerous individuals, and the annual exclusion applies separately to each donor.
No Recipient Tax: Generally, the recipient of a gift doesn't have to report it on their tax return or pay any income tax on the gift's value.
Focus on Donor: The gift tax primarily concerns the donor and their lifetime giving and estate planning, rather than the recipient.
In summary, while the gift tax rules can seem complicated, most people who receive gifts won't need to worry about tax implications unless they are dealing with very large gifts or wealthy donors who have exhausted their lifetime gift and estate tax exemptions.
Source:
Gift Tax: How It Works, 2025 Exclusions and Limits
Google: does the gift tax limit the amount of donations received from multiple people