No,paypal does not take taxes out of payments made to you
The 'buyer' doesn't - but the 'seller' pays a fee for accepting Paypal payments.
Yes, you may have to pay taxes on Amazon gift cards if they are considered taxable income by the IRS.
Worker's Comp payments are not taxable.
If your disability payments are through the VA then they are tax free and are not considered taxable income.
Paypal do not charge you for sending money but they do charge you when you receive payments.
paypal is account that you can buy stuff from online..
calculate taxable pay
Gifts become taxable when they exceed the annual gift tax exclusion amount set by the IRS, which is 15,000 per person as of 2021. If a gift exceeds this amount, the giver may need to report it to the IRS and potentially pay gift taxes.
Try Pay-Pal. It's an online service.
Is severance pay taxable in the philippines
You don't pay income tax on the receipt of the gift. However, if the gift consists of property that has gone up in value, you may have a taxable capital gain when you sell or dispose of the gift. Your brother or sister, depending on the size of the gifts he or she gives, may have to pay a gift tax, which is different than an income tax.