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I am severely disabled and low income. I do not get any type of welfare. My parents help out by paying some bills directly-is it taxed?
Your parents EACH can gift you up to ~$14000 per year without anything happening. If they gift you more than that in any one year, they need to file a gift tax return. They won’t have to pay anything, but it will reduce the…

t you can inherit tax-free by that amount – when the time comes. That being said, if you are a legal dependent, the money may not even be considered a gift.


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