Trying to determine if a check my husband received counts as a gift or a bonus for tax purposes. Submitted by [deleted] t3_1002n6a on December 31, 2022 at 8:16 PM in personalfinance 9 comments 2
ahj3939 t1_j2f56bj wrote on December 31, 2022 at 8:28 PM Unless it's included on their W2 or 1099 I would treat it as a gift. Also when you say "gave us" a check if that is accurate and you are not an employee it further enforces this is a gift and not wages/bonus. Permalink 3 [deleted] OP t1_j2f5a2g wrote on December 31, 2022 at 8:28 PM [deleted] Permalink Parent 2 RobboNJ t1_j2f5plv wrote on December 31, 2022 at 8:32 PM A tip is technically taxable income and should be reported on your income tax return. Not that anyone would ever know. Permalink Parent 1
[deleted] OP t1_j2f5a2g wrote on December 31, 2022 at 8:28 PM [deleted] Permalink Parent 2 RobboNJ t1_j2f5plv wrote on December 31, 2022 at 8:32 PM A tip is technically taxable income and should be reported on your income tax return. Not that anyone would ever know. Permalink Parent 1
RobboNJ t1_j2f5plv wrote on December 31, 2022 at 8:32 PM A tip is technically taxable income and should be reported on your income tax return. Not that anyone would ever know. Permalink Parent 1
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