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 have:
- Processed more than 200 transactions
- Processed at least $20,000 in total transaction volume (excluding service fees)
- Vermont, Massachusetts, and Virginia: Processed $600 in gross payment volume in a single calendar year regardless of the number of transactions
- Illinois: Processed $1,000 in gross payment volume in a single calendar year with at least 3 payments processed
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.