Message Boards > Teachers/Principals Forum > teahcer Christmas cash

TOPIC: teahcer Christmas cash





Post Reply
fb-msgview-right-b

motherhood

That was easy
Posts: 1
graphgraph
User Offline

teahcer Christmas cash

5 Years, 1 Month ago
Page: 1

 
Our PTO is collecting non tax deductible money from parents to distribute evenly to our teachers as a Christmas gift rather than each child giving the teachers small gifts. Can the money be distributed without withholding taxes? Does anyone else do anything similiar?
Enter code here   
Please note: although no board code and smiley buttons are shown, they are still usable.
fb-msgview-right-b

LUVMYKIDS

Wow, just wow
Posts: 2202
graphgraph
User Offline
RE: teahcer Christmas cash

5 Years, 1 Month ago


  
I would suggest you check the IRS website to be certain, but I would think since you are giving it as a gift, your group would not have to withhold taxes. However, I would think the teachers would have to declare it on THEIR income tax forms. How much money are we talking about? That may make a difference too.
Enter code here   
Please note: although no board code and smiley buttons are shown, they are still usable.
Hey Rocky, watch me pull a rabbit out of my hat.
fb-msgview-right-b

Serendipity

PTO Power User
Posts: 891
graphgraph
User Offline
RE: teahcer Christmas cash

5 Years, 1 Month ago


  
In our school this is handeled by the class mothers and not the PTO. The class mothers will send home a notice asking for "X" amount per person and then what they normally do is take the money and buy them a Visa gift card rather than just handing them the cash.
Enter code here   
Please note: although no board code and smiley buttons are shown, they are still usable.



Post Reply
Page: 1
Powered by Kunenaget the latest posts directly to your desktop

Popular Topics


Advertisement