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reading5stockpor
New Member

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"?

 
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Manojh
Level 4

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"?

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.  

                          

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