The ultimate, and in some ways unexpected, impact of The Mystery of the Gentiles is something that even those dedicated to the pursuit of truth may initially find difficult to accept, especially in light of its spiritual, eschatological and political ramifications.
Babysitting qualifies as a business under tax law, so you will have to file a Form 1040 Schedule C, Profit or Loss from Business, or short form Schedule C-EZ when you do your taxes. Depending on how much you earned, you may also have to file Schedule SE and pay self-employment tax on your babysitting income. Schedule C or C-EZ
As such, I am well acquainted with taxes and this line of work. Yes, you do have to claim money you earn from babysitting as income. It is taxable. The parent rightfully wants your social security number so that she can claim a child care credit on her taxes.Legally you are required to provide this information.es, you do have to claim money you earn from babysitting as income. It is taxable. The parent rightfully wants your social security number so that she can claim a child care credit on her taxes. Legally you are required to provide this information.