if my only source of income is social security and my son pays me to watch his kid while he works do i need to file if we live in the same house dad watching not the mom
if my only source of income is social security and my son pays me to watch his kid while he works do i need to file if we live in the same house dad watching not the mom
It depends on how much you received from babysitting our grandkid. If you received Social Security benefits plus other income, part of your social security might be taxable if your MAGI modified adjusted gross income(half of your Social Security, plus other sources of income) exceeds the base amount for your filing status ($32,000 for Married Filing Jointly or $25,000 for all others)
Yes, you do need to file a tax return because the $3000 your son pays you to baby sit needs to be reported. The income needs to be reported as self-employed income. Here is how to report.