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Gifts don't count as income in the US. There's a gift tax on the donor, but that doesn't kick in until you give $13,000 per person per year. Not sure about othe
by whit537 14y ago
Gifts don't count as income in the US. There's a gift tax on the donor, but that doesn't kick in until you give $13,000 per person per year. Not sure about other countries.
Widget: Heck yeah! Wanna write one? :-)
Intended to be mainstream, starting w/ Github. But Guido isn't on Github, only Google+. :-(
- devfuel 14y agoYeah...i had to look at the distinction between "gifts" and "tips" a bit on the IRS site. I am sure a tax accountant can clarify, but (in my mind) the name "gittip" had put it informally in the tip category. A little digging made it seem like that was a restaurant-related thing. Does simply earmarking money as a "gift" make it so? Is it a special rule in restaurants (in US) that prevent you from giving a "gift" instead of a "tip"? But I digress. Perhaps it is just a potential FAQ situation: "If I get some 'gittips' what are my tax responsibilities?"