All payments on Bambino are processed through a trusted third-party payment system and are not taxed. According to the IRS, income earned from babysitting, whether on a regular basis or only periodically, is taxable. The best practice is to always report your income regardless of how it is earned, however, Bambino is not able to provide any additional tax advice. Bambino does not issue 1099s unless you earn more than $20,000 and have more than 200 transactions, both in one calendar year.
There are two states whose tax laws are different (Vermont and Massachusetts). If you live in these states and processed $600 or more in total transaction volume through babysitting jobs Bambino will generate 1099-K tax forms for you. If you believe you have met these requirements and have not received a 1099-K tax form please email email@example.com.
You can view your reservations in your app: Bookings > View History.
We encourage you to consult with a qualified tax professional for any additional information relating to taxes.