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Old 04-14-2015, 12:25 AM
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Do I Report Income for Helping Parents?

I go into my elderly parents home and help them fix meals, clean house etc. They pay me to help them. They are not set up as an employer and I do not have a business. Do I have to claim the money they pay me on my taxes?



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Old 04-14-2015, 02:44 AM
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No you do not claim the money they pay you as you are a household employee I guess aslongas you are over the age of 21yo andreceived $1.9k or more in 2014. and Household work is work done in or around their home;you need to report the money that you receive from parents on your return as wage on W2 UNLESS you are a self employer. If only you can control how the work is done, then, you are not their employee but are self-employed.as you an employee then they need to Withhold and pay social security and Medicare taxes from your paychecks and need to match 50% of fica taxes for you..



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