Bounty payments on Algora are classified as contract work (non-employee compensation).
If you are a:
You are all set! ✅
Algora takes care of submitting 1099 forms to the IRS so you don't have to 💯
Algora makes an information disclosure to the IRS and your state about your earnings.
All you have to do is report your earnings when filing your federal & state taxes. 💸
By end of January every year you will be receiving a 1099-NEC Form from Algora summing up your earnings from last year. This is to help you report the exact amount you earned when filing your taxes.
Company / Developer
Please follow your country's rules for reporting contractor payments & contract work compensation.