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January 29, 2024
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My father-in-law received memorial money from his wife's funeral . . does it need to be entered on his taxes

  • January 29, 2024
  • 2 replies
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i do his taxes and am not sure if it needs to be claimed or not.
Best answer by xmasbaby0

No.   Gifts received are not taxable income.   They do not get reported on a tax return.

2 replies

xmasbaby0Answer
Employee
January 29, 2024

No.   Gifts received are not taxable income.   They do not get reported on a tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
January 29, 2024

These sums can be considered ‌gifts and not income. They don't need to be reported on his tax return.

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