Cynthiad66
Expert Alumni

Deductions & credits

Yes.  The parents will be claiming the Dependent care credit  the mother has to report the income.

 

She can  report it as self employment, if she wants to earn social security benefit. Alternatively, you could be classified as a household employee (since you only worked in their home). There is normally a $1900 limit for a household employee not to be subject to FICA (social security & medicare) tax. But that limit is not applicable to the taxpayer's parent. 

 

 

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