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You don't.

If it is above the amount they are allowed to give you GIFT tax free.they pay a gift tax

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Q: Do you have to file taxes on gifted money from parents?
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Related questions

Have no money how do I file my taxes?

have no money how can i file my taxes


How old you have to be to file taxes?

Taxes are not age-dependent. In general, if you make money, then you have to file taxes. In some cases parents are allowed to fold the income of their minor children into their own tax returns, but if you have income at all, then SOMEBODY has to pay taxes on it.


Can you file your taxes if your parents claim you?

no


What is the dollar amount you have to make to HAVE to file taxes?

How much money can you make and not have to file taxes?


What is the dollar amount that you can make and not have to file taxes?

How much money can you make and not have to file taxes?


Been told that I cannot file taxes because parents claimed me as a dependent but made over 3000 is this true?

Absolutely, positively not.Whether your parents or anyone else claims you as a dependent has absolutely no effect on your obligation or ability to file taxes. Some people mistakenly believe that if your parents claim you as a dependent, they claim your income, your withholding and your refund, too. This is absolutely not true.People who make more than a certain amount are obligated to file taxes. However, ANYONE is permitted to file taxes. If you are due a refund, you must file taxes in order to get the refund. Your parents cannot get your refund for you. Whether your parents can claim you as a dependent has absolutely nothing to do with you. You must file your own taxes for your own income and withholdings. And if you owe taxes, you are obligated to file and pay them.


Can you file taxes with the money you receive from welfare?

yes


Can you claim taxes on babysitting if the parents do not pay taxes?

Yes, if you file your babysitting income as self-employed


Do you have to file taxes if your under 18?

You may have to pay taxes if you are under 18 years of age. You are required to file taxes depending upon the amount of money that you bring in.


Where can I file my taxes for free?

This is the Website that I found most helpful when looking for info on I am working on filing my taxes but everywhere I go people charge you a lot of money to file your taxes. Are there any places I could go to file my taxes for free?


When you file your taxes, you will receive a ________ if more money was withheld from your paycheck than you needed to pay in taxes?

Refund


What happens when it is time to file your taxes if you claim too many allowances?

Get more money back when you file