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Get your taxes done using TurboTax
No, the freebies you are getting from your parents are not taxable income. Do you have income from a job to enter on a tax return? If not, what other income --if any-- do you have to enter on a tax return? If you do not have at least $4300 of income (not counting Social Security) to enter then your parents can claim you as a dependent on their 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.**
March 23, 2022
2:47 PM