I am retired, on social security and have three years of payments remaining on mortgage. My two adult sons live with me. They help me pay the mortgage. Is this taxable income?
025422
2 Replies
xmasbaby0
Level 15
Jun 26, 2024 9:39:35 AM
Family cost sharing is not entered on a tax return. No, the money you receive from your sons who live with you and help with expenses is not taxable to you and does not go on your tax return.
lasserre
New Member
Jun 26, 2024 9:44:53 AM
Thank you for your swift reply. May the Lord bless your day. Mark