{"id":47,"date":"2014-09-26T17:56:17","date_gmt":"2014-09-26T21:56:17","guid":{"rendered":"http:\/\/collectivestory.org\/timebank\/?post_type=sp_faq&#038;p=47"},"modified":"2015-11-12T05:58:20","modified_gmt":"2015-11-12T10:58:20","slug":"are-timecredits-taxable","status":"publish","type":"post","link":"https:\/\/firsttimebankofcolumbia.org\/?p=47","title":{"rendered":"Are TimeCredits taxable?"},"content":{"rendered":"<p>No. TimeBank hours have been ruled tax exempt on two occasions by the IRS because an hour is always valued at one hour. There is no legal responsibility on anyone&#8217;s part to redeem a TimeCredit, it is considered a &#8220;non-commercial agreement&#8221; and the purpose of TimeCredits\u00a0is charitable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No. TimeBank hours have been ruled tax exempt on two occasions by the IRS because an hour is always valued at one hour. There is no legal responsibility on anyone&#8217;s part to redeem a TimeCredit, it is considered a &#8220;non-commercial&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47","post","type-post","status-publish","format-standard","hentry","category-faq"],"_links":{"self":[{"href":"https:\/\/firsttimebankofcolumbia.org\/index.php?rest_route=\/wp\/v2\/posts\/47","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/firsttimebankofcolumbia.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/firsttimebankofcolumbia.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/firsttimebankofcolumbia.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/firsttimebankofcolumbia.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47"}],"version-history":[{"count":1,"href":"https:\/\/firsttimebankofcolumbia.org\/index.php?rest_route=\/wp\/v2\/posts\/47\/revisions"}],"predecessor-version":[{"id":71,"href":"https:\/\/firsttimebankofcolumbia.org\/index.php?rest_route=\/wp\/v2\/posts\/47\/revisions\/71"}],"wp:attachment":[{"href":"https:\/\/firsttimebankofcolumbia.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/firsttimebankofcolumbia.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/firsttimebankofcolumbia.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}