Hey Ajay7,
Yes as a content creator the items you receive are considered to be income in the eyes of the IRS. The value would be based on the Fair Market Value of the item (whatever it can be sold for). So if you receive 5 apple watches each valued at $400, you would report $2000 of income on your return. A good rule of thumb is to set aside 20-25% for Federal taxes and 4-6 for state. Quarterly payments are due on the following dates:
4/15, 6/15, 9/15 and 1/15 (of the following year). You can make the Fed payments directly on the IRS' website:
https://www.irs.gov/payments
Make sure your payment is for 2023 and not for any previous years like 2022 when you log in.
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