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Facebook fundraiser: Teacher finds out he may have to pay taxes

Facebook fundraiser: Teacher finds out he may have to pay taxes
usatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usatoday.com Daily Mail and Mail on Sunday newspapers.

Connecticut teacher raised over $40,000 to help his neighbors with groceries during the pandemic Then he got a $16,000 tax bill

Connecticut teacher raised over $40,000 to help his neighbors with groceries during the pandemic Then he got a $16,000 tax bill
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Pandemic good Samaritan faces hefty US tax bill for efforts

Teacher Who Raised More Than $40,000 to Help People During Pandemic is Hit With $16,000 Tax Bill

Updated: 10:36 AM PDT, April 20, 2021 Louis Goffinet had no clue that he would have to pay taxes on all of the money he raised through Facebook Fundraiser. A teacher in Connecticut raised more than $40,000 for families affected by COVID-19, but now he’s paying for it – literally.  Louis Goffinet, 27, started a Facebook campaign to help families with food and rental assistance and was able to raise $41,000, through Facebook Fundraisers, but now he’s been hit with a tax bill of $16,000, CBS News reported. After consulting with several tax professionals, the unanimous consensus seems to be that I am responsible for paying income tax on the funds I was able to raise through Facebook, Goffinet wrote in a Facebook post. 

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