Do I need to claim as income money I receive from non-dependent child for Auto Insurance

My son pays me for his part of auto insurance and phone. Do i need report this as income? He is over 18 and is not a dependent.

The amount I receive is $1560 for the year which covers the added cost difference of adding him to my account.

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2 Replies

assuming you do not deduct the premium, the reimbursement would not be taxable.

Thank you for your reply. I do not claim any deductions for the insurance.

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