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Hi, We have an adult son living at home.He ...

 

Hi,

We have an adult son living at home.He contributes to the house hold. Do we have to pay taxes on that money? If so how much?

Irene


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Don't put this on your tax's unless he is paying for everything.
Posted 2009-09-09T14:43:18Z
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1935 answers
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Don't sweat the petty things and don't pet the sweaty things.

Since you did not mention the age of your son, you need to look at this web page from the IRS regarding your question.
Posted 2009-09-10T08:27:52Z
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Are you kidding ? NO WAY, as a matter a fact not only do you not offer that information, I would claim him as a dependent who pays nothing towards anything. where does his money go ? who knows ? who cares ? as long as it's not spent entirely on drugs and whatnot ? it just go's... movies, dates, fast food, whatever ? but I don't see you receiving a penny for anything, including the food he eats out of your refridgerator (which I would write off also) hope this helps!!
Posted 2009-09-12T18:28:40Z
Candie was invited by Yedda to answer this question.

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