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    Poptart19's Avatar
    Poptart19 Posts: 2, Reputation: 1
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    #1

    Feb 27, 2009, 12:39 PM
    Claiming Babysitting Income on Taxes
    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's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    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
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