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December's needs for our community, plus information about taxes and donations [1]
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Date: 2022-12-07
Tax information: There have been posts on Twitter and elsewhere about the new regulations for transferring money. Previously, we knew that Go Fund Me reports money collected as taxable. Now I’m seeing posts saying that most money transfer platforms will report anything totaling more than $600 in a calendar year. I’ve looked that up here, at the bar association website. It seems that Friends and Family is still exempt from reporting; it only applies to purchases. Be sure you check the appropriate box when sending via a money transfer platform.
Some of our own community members aren’t doing well. Members are still here, still worried about how they will manage. Take a look, see if there’s a person or two who you feel you can help.
These community members need a little push to get over a hump. Maybe it’s an unexpected medical bill. Maybe there’s a life situation that has come up and requires resources beyond regular income. Maybe they just got behind and need help getting their footing again. For whatever reason they need help, Wednesdays are the day the Street Prophets diary focuses on those needs. Maybe you’ve skipped over this weekly diary, thinking the little you can give won’t make a difference. But you don’t have to meet a person’s entire need. If we all join together, the small amounts each person can contribute will add up to enough to make a difference in someone’s life. Even $2 or $5 or $10, when added to the mickle that others give, can be all that it takes.
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[1] Url:
https://www.dailykos.com/stories/2022/12/7/2140163/-December-s-needs-for-our-community-plus-information-about-taxes-and-donations
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