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Is medical crowdfunding money taxable in the US?

Medical crowdfunding money is not automatically taxable in the US. Genuine donations made from generosity, with nothing expected in return, may be treated as gifts. But tax treatment can change based on who contributes, why funds are raised and whether goods or services are provided. Is medical fundraiser money considered taxable income? Money raised through a medical crowdfunding campaign is

NRI News

22 Aug 2026 07:32 AM

Is medical crowdfunding money taxable in the US?

Medical crowdfunding money is not automatically taxable in the US. Genuine donations made from generosity, with nothing expected in return, may be treated as gifts. But tax treatment can change based on who contributes, why funds are raised and whether goods or services are provided. Is medical fundraiser money considered taxable income? Money raised through a medical crowdfunding campaign is

NRI News

Are GoFundMe donations tax-deductible in the US?

Are GoFundMe donations tax-deductible in the United States? Personal fundraiser donations generally do not qualify, while donations to eligible nonprofit campaigns may. New 2026 federal rules also provide a limited deduction for certain cash gifts to qualified charities. Are personal GoFundMe donations tax-deductible? In most cases, donations to personal GoFundMe campaigns are not tax-d

NRI News

22 Aug 2026 05:33 AM

Are GoFundMe donations tax-deductible in the US?

Are GoFundMe donations tax-deductible in the United States? Personal fundraiser donations generally do not qualify, while donations to eligible nonprofit campaigns may. New 2026 federal rules also provide a limited deduction for certain cash gifts to qualified charities. Are personal GoFundMe donations tax-deductible? In most cases, donations to personal GoFundMe campaigns are not tax-d

NRI News

GoFundMe donations in the US: Tax rules NRIs should know

GoFundMe donations tax rules can be confusing for NRIs supporting friends or relatives in the United States. Personal fundraiser contributions are generally not charitable deductions, while genuine gifts may have different income and gift-tax treatment. Are GoFundMe donations tax-deductible? Giving money through GoFundMe does not automatically create a U.S. tax deduction.

NRI News

22 Aug 2026 05:25 AM

GoFundMe donations in the US: Tax rules NRIs should know

GoFundMe donations tax rules can be confusing for NRIs supporting friends or relatives in the United States. Personal fundraiser contributions are generally not charitable deductions, while genuine gifts may have different income and gift-tax treatment. Are GoFundMe donations tax-deductible? Giving money through GoFundMe does not automatically create a U.S. tax deduction.

NRI News

NRI Checklist After Moving Abroad: 15 India Tasks Most People Forget

Last reviewed: July 18, 2026 Moving abroad changes more than your address. Your Indian bank accounts, tax status, investments, insurance, property records, nominees and digital access may all need attention. These issues may not feel urgent when you leave, but a failed transaction, expired mobile number, tax notice or missing document can later create stress. This practical checklist explains what to update in India during the

NRI Updates

18 Jul 2026 07:21 AM

NRI Checklist After Moving Abroad: 15 India Tasks Most People Forget

Last reviewed: July 18, 2026 Moving abroad changes more than your address. Your Indian bank accounts, tax status, investments, insurance, property records, nominees and digital access may all need attention. These issues may not feel urgent when you leave, but a failed transaction, expired mobile number, tax notice or missing document can later create stress. This practical checklist explains what to update in India during the

NRI Updates

US-Based NRI Wins ₹11.18 Lakh Cash Deposit Case at ITAT Delhi

A US-based NRI won relief in an NRI cash deposit tax case in India after the Delhi bench of the Income Tax Appellate Tribunal accepted that ₹11.18 lakh deposited during demonetisation came from earlier overseas remittances intended to support his parents. In an order pronounced on Wednesday, April 8, 2026, in Arun Bussi v. ACIT, the tribunal directed the deletion of the tax addition for assessment year 2017-18. The

NRI News

27 Jun 2026 09:05 AM

US-Based NRI Wins ₹11.18 Lakh Cash Deposit Case at ITAT Delhi

A US-based NRI won relief in an NRI cash deposit tax case in India after the Delhi bench of the Income Tax Appellate Tribunal accepted that ₹11.18 lakh deposited during demonetisation came from earlier overseas remittances intended to support his parents. In an order pronounced on Wednesday, April 8, 2026, in Arun Bussi v. ACIT, the tribunal directed the deletion of the tax addition for assessment year 2017-18. The

NRI News

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

Updated Thursday, June 18, 2026 FCNR deposits vs U.S. CDs can both provide fixed returns on dollar savings, but the higher advertised rate does not automatically make one the better choice for every NRI. As of Thursday, June 18, 2026, HDFC Bank listed 6.00% annually on eligible three- to five-year U.S. dollar FCNR deposits. Marcus by Goldman Sachs listed 3.70% APY on a three-year CD and 3.80

NRI News

18 Jun 2026 11:58 AM

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

Updated Thursday, June 18, 2026 FCNR deposits vs U.S. CDs can both provide fixed returns on dollar savings, but the higher advertised rate does not automatically make one the better choice for every NRI. As of Thursday, June 18, 2026, HDFC Bank listed 6.00% annually on eligible three- to five-year U.S. dollar FCNR deposits. Marcus by Goldman Sachs listed 3.70% APY on a three-year CD and 3.80

NRI News

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

FCNR vs NRE vs NRO accounts serve different purposes. The right choice generally depends on where the money was earned, which currency the depositor wants to hold and how easily the funds must move outside India. There is no single account that is best for every NRI. The RBI is encouraging banks to attract more foreign-currency deposits, although most NRI bank money in India remains in rupee-denominated accounts. Read ou

NRI News

18 Jun 2026 11:41 AM

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

FCNR vs NRE vs NRO accounts serve different purposes. The right choice generally depends on where the money was earned, which currency the depositor wants to hold and how easily the funds must move outside India. There is no single account that is best for every NRI. The RBI is encouraging banks to attract more foreign-currency deposits, although most NRI bank money in India remains in rupee-denominated accounts. Read ou

NRI News

What Is an NRI? Meaning, Benefits, Banking and Property Rules Explained

An NRI, or Non-Resident Indian, is an Indian citizen who lives outside India for work, education, business, family or long-term residence. For Indian citizens living in the United States, NRI status is important because it affects India travel, bank accounts, property ownership, tax treatment, voting rights and long-term financial planning. In simple terms, an NRI remains an Indian citizen while living abroad. This is why NRI status is closely linked to Indian passport righ

NRI News

14 May 2026 09:52 AM

What Is an NRI? Meaning, Benefits, Banking and Property Rules Explained

An NRI, or Non-Resident Indian, is an Indian citizen who lives outside India for work, education, business, family or long-term residence. For Indian citizens living in the United States, NRI status is important because it affects India travel, bank accounts, property ownership, tax treatment, voting rights and long-term financial planning. In simple terms, an NRI remains an Indian citizen while living abroad. This is why NRI status is closely linked to Indian passport righ

NRI News

PPF account guidelines for NRIs: Key rules, tax benefits, and maturity terms

Many Indians who migrate abroad continue to maintain strong financial ties with their home country through various savings and investment instruments, including the Public Provident Fund (PPF). However, once an individual’s residential status changes under the Foreign Exchange Management Act (FEMA), different rules come into play. The guidelines determine whether Non-Resident Indians (NRIs) can hold or operate PPF accounts and how the proceeds are managed upon maturity. Under exis

NRI News

25 Oct 2025 09:59 AM

PPF account guidelines for NRIs: Key rules, tax benefits, and maturity terms

Many Indians who migrate abroad continue to maintain strong financial ties with their home country through various savings and investment instruments, including the Public Provident Fund (PPF). However, once an individual’s residential status changes under the Foreign Exchange Management Act (FEMA), different rules come into play. The guidelines determine whether Non-Resident Indians (NRIs) can hold or operate PPF accounts and how the proceeds are managed upon maturity. Under exis

NRI News

Avoid ITR filing in 2025 if you're an NRI under this concessional tax regime

As the Income Tax Return (ITR) filing window opens for the Assessment Year 2025–26, non-resident Indians (NRIs) are being presented with a valuable opportunity to simplify their tax obligations and, in some cases, avoid filing a return entirely. Under Chapter XII-A of the Income Tax Act, 1961, NRIs who earn income from specific foreign exchange (FOREX) assets in India may opt for a special concessional tax regime that offers multiple benefits—including exemption from filing if certai

Finance & Economics

30 May 2025 03:37 AM

Avoid ITR filing in 2025 if you're an NRI under this concessional tax regime

As the Income Tax Return (ITR) filing window opens for the Assessment Year 2025–26, non-resident Indians (NRIs) are being presented with a valuable opportunity to simplify their tax obligations and, in some cases, avoid filing a return entirely. Under Chapter XII-A of the Income Tax Act, 1961, NRIs who earn income from specific foreign exchange (FOREX) assets in India may opt for a special concessional tax regime that offers multiple benefits—including exemption from filing if certai

Finance & Economics

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#nritax

Is medical crowdfunding money taxable in the US?

Is medical crowdfunding money taxable in the US?

Are GoFundMe donations tax-deductible in the US?

Are GoFundMe donations tax-deductible in the US?

GoFundMe donations in the US: Tax rules NRIs should know

GoFundMe donations in the US: Tax rules NRIs should know

NRI Checklist After Moving Abroad: 15 India Tasks Most People Forget

NRI Checklist After Moving Abroad: 15 India Tasks Most People Forget

US-Based NRI Wins ₹11.18 Lakh Cash Deposit Case at ITAT Delhi

US-Based NRI Wins ₹11.18 Lakh Cash Deposit Case at ITAT Delhi

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

What Is an NRI? Meaning, Benefits, Banking and Property Rules Explained

What Is an NRI? Meaning, Benefits, Banking and Property Rules Explained

PPF account guidelines for NRIs: Key rules, tax benefits, and maturity terms

PPF account guidelines for NRIs: Key rules, tax benefits, and maturity terms

Avoid ITR filing in 2025 if you're an NRI under this concessional tax regime

Avoid ITR filing in 2025 if you're an NRI under this concessional tax regime

Delhi Police Sansad Chalo Case: Police Defends Crowd Control

NDA's First Women Cadets to Graduate on May 30

VS Achuthanandan, Former Kerala CM, Passes Away at 101 After Long Illness

Karnataka Records 2.60 Lakh Cases, 2.05 Lakh on Treatment

Sunrisers Hyderabad Owners Buy Full Control of Northern Superchargers in The Hundred

Ohio considers income tax break for religious donations under HB 444

Natnov Bioscience Turns Seafood Waste into Bioplastics for a Sustainable Future

Modi warns of energy crisis, outlines India’s response to global conflict

Donald Trump blames political animosity after reported killing of filmmaker Rob Reiner

How Your Daughter Can Get Rs 71 Lakh at 21 With SSY Scheme

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