Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 22, 2021 6:47:31 PM

If my mother lives with us and financially contributes more than her share of the expenses (because she can afford it), is the surplus contribution "income" or a "gift"?

0 1 579
1 Replies
Level 5
Nov 3, 2021 1:06:33 PM

Your mother is financially contributing to pay for expenses, this will be considered more of a gift instead of income.                                                    

According to this TurboTax post, your mother can give as much money with not being taxable as income.  

                          

If you require further assistance please contact our phone support team for further assistance or contact us directly on Facebook or Twitter.