Ask Experts Questions for FREE Help !
Ask
    feubanks's Avatar
    feubanks Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 3, 2010, 09:35 AM
    How Much Can I Make without Paying Income Taxes
    I have hired a new babysitter, who is concerned about having to file income taxes. What would be the maximum income she could make in 2010 without having to file taxes?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Feb 3, 2010, 11:36 AM

    Assuming this baby sitter is a dependent of her parents, she has to file federal income tax if her earned income is over $5700. This assumes that her unearned income (from bank accounts or other investments) is less than $300.

    But you should know that if you pay her more than $1700 for the year that you are responsible for withholding income tax and FICA. Here's an article that explains it:
    The Nanny Tax at SmartMoney.com
    And from the IRS:
    Publication 926 (2010), Household Employer's Tax Guide
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How much income can I make on disabilty without paying taxes? [ 5 Answers ]

I make $720.00 a mo. On my disablity. How much can i make a month without paying taxes.i only work about10 hrs a week and sometimes make $100 t0 400 a week.

How Much Can I Make without Paying Income Taxes [ 4 Answers ]

I get $348.00 pension from my late husband. I get this amt in one year. I am on SSI for the rest of my income. Do I need to file taxes on this money?

Paying taxes on 1099 income [ 3 Answers ]

I have a regular, full-time salaried position, but just started a business as an independent contractor (1099). I am about to receive my first commission earning and realize that I will need to file taxes. How much can I expect to pay in taxes (percentage)? Is it based on how much I make a year...

View more questions Search