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Get your taxes done using TurboTax
It depends. Based on the facts and circumstances of your caregiver arrangement and shared living situation, you as a caregiver could have taxable income, and you could be liable for self-employment tax.
Please see this IRS webpage for examples.
Please see this help article for information on reporting self-employment income in TurboTax. If you are a paid caregiver, and aren't given a W-2 or having taxes withheld from your pay, you are being treated as self-employed.
If, on the other hand, you are caring for a family member, and they occasionally reimburse you to offset their expenses, this would not be taxable to you. This amount can be treated as support provided by your parents for the purpose of determining whether your parents are your dependents.
Please see these IRS FAQs for caregivers for more information.
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