Is the surrogate mother's income from surrogacy taxable?
Yes, the income a surrogate mother receives from surrogacy is considered taxable. This income must be reported to the IRS in the United States. That's because the IRS views the payment received for surrogacy as compensation for services rendered, and not as a gift. This can be quite tricky as there's no specific tax form for surrogacy income, as of now. Therefore, surrogate mothers usually report this income on their personal tax return as a miscellaneous income. However, there might be certain allowable deductions associated with surrogacy, such as medical expenses. It's highly recommended to get professional tax advice to navigate this unique situation. Also, laws and regulations can differ from country to country unlike in the US, these income may not be taxable in certain parts of the world. Hence, it's best to check with a local tax expert to understand the specific rules applicable in one's own country.
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Modooboo Team
About Us
At Modooboo, we understand that the journey to parenthood, the decision to become a surrogate, or the act of donating eggs are deeply personal and life-changing experiences. That's why we stand out as your best choice in this journey.
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As a surrogate with Modooboo, you can qualify for one of the industry's highest compensations, with surrogates earning up to $120K.