My father-in-law received memorial money from his wife's funeral . . does it need to be entered on his taxes

steelrsfan · ‎January 29, 2024

i do his taxes and am not sure if it needs to be claimed or not.

xmasbaby0 · ‎January 29, 2024

No. Gifts received are not taxable income. They do not get reported on a tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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xmasbaby0 · ‎January 29, 2024

No. Gifts received are not taxable income. They do not get reported on a tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

MinhT1 · ‎January 29, 2024

These sums can be considered ‌gifts and not income. They don't need to be reported on his tax return.

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My father-in-law received memorial money from his wife's funeral . . does it need to be entered on his taxes