Personal Finance & Money Asked by RADA on May 11, 2021
(US-based question)
I currently give cash to several people on a regular basis: small cash gifts to help out unemployed relatives, tutors for my child, neighbors’ children doing some yard work, and so on. The amounts range from $20 to $100/week. Is there a way to fully automate this?
Requirements:
To remain practical, the solution must not add the burden of income/payroll taxes and/or reporting to tax/labor authorities (as compared to cash – I am well aware that tax and labor laws apply to cash so let’s not belabor that).
Thanks in advance for your help!
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