Time Dollars are tax-exempt and completely separate from federal dollars.

TimeBanks USA (the national TimeBank organization of which we are a part) has an IRS private letter ruling that TD$ exchanges are tax-exempt.

TimeBanking is different from bartering in that no dollar amount is assigned to services.

Every hour of any service is worth 1 TD$ but has no “cash value”; hence, they are free from tax implications.

Last updated on October 21, 2010 by getavision admin