Is Plasma Donation Compensation Taxable. They pay 35 for 1st donation of the week and 55 for 2nd donation within that same week. I asked all of them as well as the plasma center itself for second and third opinions and all of them emphatically informed me that it is not taxable income and they refused to report it on my return. They allow 2 donations per 7 days and I pretty much donated every week.
I asked all of them as well as the plasma center itself for second and third opinions and all of them emphatically informed me that it is not taxable income and they refused to report it on my return. And 4 plasma obtained from other blood banks. As such donors are compensated for their time and dedication to participating in the program.
source: www.cnet.com
First we should address the reasons why many people believe that their plasma donation earnings are tax-exempt. 3 salvage plasma which is plasma extracted from units of whole blood which are no longer fresh enough for transfusions because their shelf life has expired. Within three years plasma donations increased sevenfold with no impact on unpaid blood donations making the Czech.
Plasma donation as taxable income.
Theres actually a lot of debate on this subject. At 2 payments a week that does not equal 200 transactions. Its a charitable contribution and charitable contributions arent taxed. I asked all of them as well as the plasma center itself for second and third opinions and all of them emphatically informed me that it is not taxable income and they refused to report it on my return.
