Do I have to pay taxes on Patreon earnings?

One, your Patreon earnings are taxable income unless you’re a qualified nonprofit, so you should report all Patreon income on your tax returns. Two, most Patreon members won’t get any tax forms.

Will Patreon send me a tax form?

Patreon requires creators to complete the W-9 form once they meet certain earnings thresholds to receive form 1099-K in a calendar year. Learn more about earning thresholds that require you to submit a W-9 with Patreon, below.

Do you get a 1099 from Patreon?

Note: 1099-K’s are sent by our payout providers Stripe and PayPal dependent on your Patreon payouts. If you need an additional copy of the form, you’ll need to reach out to the provider (Stripe or PayPal) where you received your monthly payouts for the year.

Do you have to declare OnlyFans as income?

Australians with side hustles, including those on online platforms OnlyFans, Patreon or Twitch, are being warned by the ATO to declare all their income during tax time. “Generally, when you provide your labour, skills or goods for a fee, you need to report this income in your tax return.

Is Patreon taxable in Canada?

Patreon collects, files, and remits sales tax (also known as VAT in many countries)….Where is Patreon collecting tax, and what are the tax rates?

Country	What sales tax is called there	Tax Rate
Canada**	GST/HST/PST/QST	ranges from 5\% to 15\%

Is Patreon considered a donation?

Patreon is not a 501(c)(3) nonprofit organization, nor is it any other type of entity listed above. Contributions to Patreon are not tax-deductible charitable contributions.

Why do I pay VAT on Patreon?

VAT charges are processed and remitted via Patreon – your earnings are in no way affected by the VAT we collect, as it’s in addition to the price for joining your membership. If the patron hasn’t provided this information, VAT will be applied based on their location at the time that they start their membership.

Why do I have to pay VAT on Patreon?

Eligible patrons will have VAT added to their membership payment. VAT charges are processed and remitted via Patreon – your earnings are in no way affected by the VAT we collect, as it’s in addition to the price for joining your membership.

Does Patreon work for non profits?

Yes! At Patreon we welcome nonprofit organizations to create a page on Patreon.

Do I have to report my Patreon earnings on my taxes?

One, your Patreon earnings are taxable income unless you’re a qualified nonprofit, so you should report all Patreon income on your tax returns. Two, most Patreon members won’t get any tax forms.

Do I need to file a 1099-K for Patreon?

If you reside within the U.S., Patreon will not send out a 1099-K tax form unless you earn $20,000 or more during the year (or $600 or more for the year if you live in Massachusetts or Vermont). Instead, you will need to go to the Earnings section in the Income section of your Patreon account to see how much you made in the year.

Are contributions from Patreon considered gifts?

Are contributions from Patreon considered gifts? This is the sticky part. A gift only counts as a gift you get nothing for it. If you get something in return, no matter how small, then it is not a gift.

What types of artists are on Patreon?

The most common types of artists (called creators) on Patreon are YouTubers, podcasters, artists, writers, and game creators, to name a few. Having stable money flow in monthly can help support an artist while he creates, especially when YouTube income can be unreliable.