Are egg donation payments taxable? What tax implications should I understand?

Yes, egg donor compensation is generally taxable income. Key tax considerations: compensation over $600 typically requires a 1099-MISC form, payments are considered self-employment income subject to Social Security and Medicare taxes, you may need to make quarterly estimated tax payments, medical expense reimbursements (travel, medications) are generally not taxable, state tax implications vary by location, recommend setting aside 25-30% of compensation for taxes, consult a tax professional familiar with donor compensation, keep detailed records of all payments and expenses, some donors qualify for medical expense deductions. Tax laws change frequently - always verify current requirements.