Do you have to claim babysitting money on taxes?
Asked by: Jesica Hogan
I am a SAHM and I watch my sister in laws newborn for her for 60 a week as well as a friends child for 60 a week. This is such a little amount of money I am taking in for the week, I find it silly to have to pay taxes on it. So since this is babysitting money and not my business, will I have to put it on next years taxes? If so, should I start making reciepts for them, and how much would I have to pay in taxes?
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- do i need to claim babysitting income