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Retirement tax questions
So the grey answer is, whether or not a parent can pay their child to do chores. Some
people say it’s counted as earned income and keep a log of the activities and payment. But if a neighbor pays my child cash for walking the dog, that is fine? It shouldn’t matter if cash comes from neighbor or parent. Teaching a child payment for work is a good thing either way.
January 7, 2024
2:03 PM