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View Full Version : Claiming Babysitting Income on Taxes


Poptart19
Feb 27, 2009, 12:39 PM
Im going to be babysitting, and giving receipts. I was going to claim the income from it.. What would I be roughly looking at paying back??

MukatA
Feb 28, 2009, 10:39 PM
You are self employed. You must file your tax return if yourself employed income is $400 or more. You will report your income and expenses on schedule C or C-EZ (Form 1040). This income is subject to SE tax at 15.3%. Read: Your U.S. Tax Return: Tax Filing by Self Employed Sole Proprietor or Independent Contractor (http://taxipay.blogspot.com/2008/04/tax-filing-by-self-employed-sole.html)