hollyqk

Incoming tax stuff

Added 2020-05-31 00:53:56 +0000 UTC

Hello! I haven't made any announcement posts in forever, so I apologize that this first one in a long time is about boring tax things.

Patreon will be messaging patrons themselves on June 1st to bring the news, but I'd like to offer my own explanation here first so that everyone's aware before the new month's pledges go through in a couple of days.

The taxes come

Starting June 1st, taxes will be applied to some patrons' pledges. This isn't so new to EU patrons as it is to those in the US and elsewhere. How much the taxes add up to, as well as if any are applied at all, depend on a given patron's location (not mine) and the benefits of the tier they are subscribed to. Patreon reassures us that most people won't see any extra taxes, and that those who do will only see very small amounts. Think 20-50 cents on a $5 pledge.

For my stuff specifically

As the rewards offered in my tiers are limited to "downloadable digital goods," pledges from the US should only be taxed in about half of all states, according to Patreon. They made a little table and everything. Actually, I'll just link the page that I'm referring to for everything I'm writing in this post. There!

It'll vary by country and you'll need to check the paged linked above for the details. Again, it shouldn't be a particularly life-changing thing, but it's best to know beforehand anyway.