Back To School: If You Pay Your Kids An Allowance, Do You Also Pay Uncle Sam? Kelly Phillips ErbSeptember 11, 2013May 19, 2020 It’s Back To School Week on the blog! All week long, I’ll be answering your questions about school and tax – complete with fun giveaways. Next up: if you pay your child an allowance, what are the tax consequences to each of you? Read More