← Honed Money

Someone gave you money. Is it taxable?

Real gifts are tax-free to the receiver. But not everything called a gift is one.

Your situation

01 / QUESTIONS
No

No work, no goods, no strings attached.

No

Odd jobs, gigs, and tips count — even casual ones.

No

Raffles, contests, and pools are not gifts.

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Last reviewed: October 2026.

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Honed Money provides calculators and educational information for general purposes only. It is not financial, tax, legal, investment, or insurance advice. Estimates are based on the information you enter and the assumptions shown. Actual results will vary. For taxes, retirement, and government benefits, verify with IRS.gov, SSA.gov, or VA.gov. We don’t sell financial products and aren’t paid for calculator results. Use at your own risk.