key jordan-abrams<p>general tip and advice:</p><p>don't use <a href="https://kolektiva.social/tags/KoFi" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>KoFi</span></a> for <a href="https://kolektiva.social/tags/MutualAid" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MutualAid</span></a> or <a href="https://kolektiva.social/tags/Crowdfund" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Crowdfund</span></a> stuff, folks. it's not a gift. it's considered income instead of a gift, especially if you take payments through Stripe, and if you get more than I think six hundred dollars in total revenue from it in the United States, you'll owe <a href="https://kolektiva.social/tags/IncomeTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>IncomeTax</span></a> <a href="https://kolektiva.social/tags/SelfEmploymentTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SelfEmploymentTax</span></a> taxes on it at the end of the year. </p><p>use direct transactions instead and either don't mark it as business, or mark it as a gift. these are the best ways to make sure that the money gets to the person you intend it to, and the best way to not end up fucked when tax season comes around if you file.</p><p>if you do use ko-fi in the United States, do yourself a favour and look up the percentage you're responsible for in self-employment taxes and then also actual taxes for your estimated income bracket, and then take that percentage and set it aside from anything that you take it from it.</p><p>it seems like a great platform but so does the wolf in sheep's clothing at the beginning. the end cost, if in the end you are wildly successful, has the potential to be steep if you're not expecting it.</p>