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by Answerbag Staff on June 10th, 2010

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How much income do you have to make to report it on taxes?

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  • by Lani Thompson on June 10th, 2010

    Answerbag Experts

    Great Answer

    Professionally Researched. (What's this?)

    Whether you need to file taxes depends on filing status, age and the type of income you have. The instructions for Form 1040, 1040A and 1040EZ give specific information about your particular need to file. If you're self-employed, you must file Form 1040 and Schedule SE Self-Employment Tax if your net earnings from self-employment were $400 or more, or if you had church employee income of $108.28 or more.

    References:

    IRS: Do I Have To File A Tax Return

    IRS: Do I have To File A Tax Return: Self-Employed Persons

    Resources:

    Small Business Administration: Pay Taxes

    IRS: Do I Need To File A Tax Return?

    Federation of Tax Administrators: State Tax Forms

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