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Old 10-19-2008, 04:28 PM
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Babysitting income

Missouri. I babysit for a friend of mine and I was wondering if the income I make from watching her daughter is taxable or not. I only make $100 each week and have been doing it since the beginning of June. I don't expect to make more than $2500 by the end of this year. Do I have to claim it?
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Old 10-19-2008, 04:32 PM
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Quote:
Originally Posted by mrstucker View Post
Missouri. I babysit for a friend of mine and I was wondering if the income I make from watching her daughter is taxable or not. I only make $100 each week and have been doing it since the beginning of June. I don't expect to make more than $2500 by the end of this year. Do I have to claim it?
ALL income is reportable and taxable unless stated otherwise by the tax code. I am not aware of any exceptions for babysitting income.
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