Webmar 4, 2021ย ยท i have a tax client that gives plasma and receives payment, $2125 for 2020.

The payments are entered as other income using the steps.

I have heard this go both ways, and i want to make sure i do his return properly.

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Click on wages & income.

Webmar 7, 2022ย ยท i believe that the payment received for a blood plasma donation is taxable income.

Therefore you will pay income tax, but not social security or medicare taxes on the payments.

The income would be reported as other income as follows:

Select federal from the left side menu.

Select federal from the left side menu.

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