If the creator is a legally recognized not-for-profit company and you receive nothing of value in return for your payment to them, then some jurisdictions allow the patron to take a tax deduction.
Note: As a creator, if you provide patrons with something in return for their payment (T-shirt, download of music not available to non-patrons, concert tickets, backstage passes, etc) then the patron’s tax deduction is limited to the amount of their payment which exceeds the value they received.
Pledges to non-profits
What is a non-profit organization?
Non-profit organizations are generally exempt from federal taxes and many state taxes. There are many different types of non-profits when it comes to eligibility and tax-deductible contributions.
If I pledge to this creator is my pledge tax deductible?
Your contribution, less the value of any thank-you gifts you receive, is tax deductible to the full extent provided by law.
For example, if the patron pays $100 of which $20 is the deemed value of a tote bag, then only the $80 is considered to be tax deductible.
Will I receive a document for tax purposes via email and/or mail?
Every time you pay on Patreon, you will receive an email detailing your payment which can be used for tax purposes.
How can I update the name, email address, and/or address used for my document for tax purposes?
You can update your name and/or email address at any time via your profile settings page.
What is the KQED Tax ID or FIN number?
KQED’s Tax ID number is 94-1241309
I have more tax questions.
Here’s a hub to our tax resources: Patreon Tax Resources.
If you have more involved questions regarding taxes, please consult with your local tax professional.