When doing work for a company at home as a subcontractor where I would be receiving a 1099 from that company, if my total income from that company is less than $600 for the year, do I still need to claim the amount I earned as income on my tax return?

If they file a 1099 Yes.

Yes, you need to claim the income on Schedule C.

However, you will probably pay NO taxes because your expenses will probably completely offset the income.

In fact, it is likely that your legitimate expenses will EXCEED your income, generating a loss that can reduce your OTHER taxable income and thus produce some tax savings.

For further discussion, contact me at the email address below.