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

No 1099 is received to document payment. Webmar 4, 2021ย ยท i have a tax client that gives plasma and receives payment, $2125 for 2020. Select federal from the left side menu. The income would be reported as other income as follows: Click on wages & income.

Click on wages & income.