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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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‎February 4, 2022
11:08 AM