Tracking Perks & Gift Cards for Tax Purposes
Edited
Hummingbirds itself does not issue 1099 forms for compensation received through the platform. However, payment providers or individual brands may send tax documents depending on applicable tax guidelines.
In general, we recommend that you keep records of all compensation received, including gift cards, and report this on your taxes if it exceeds $600.
That said, tax laws can be complex and may vary depending on your specific situation. To ensure compliance and avoid any potential issues, it's advisable to consult with a qualified tax professional who can provide personalized guidance based on your individual circumstances.