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December 12, 2024
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Where do I record that my son son supplements my income by $275 a month?

  • December 12, 2024
  • 1 reply
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    Best answer by xmasbaby0

    Your son is giving you money to help you each month.  You do not enter that on a tax return.  It is not taxable, nor is it deductible for him on his own tax return.

    1 reply

    VolvoGirl
    Employee
    December 12, 2024

    You don’t report gifts you receive on your tax return.   

    xmasbaby0Answer
    Employee
    December 12, 2024

    Your son is giving you money to help you each month.  You do not enter that on a tax return.  It is not taxable, nor is it deductible for him on his own 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.**