701447
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Do I need to file self employment taxes if I only earned $10,000 in Etsy sales?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Do I need to file self employment taxes if I only earned $10,000 in Etsy sales?

Yes, In fact, you’ll owe tax that you never had to pay as an employee. The self-employment tax (officially known as the SECA tax for Self-Employment Contributions Act tax) is the self-employed person's version of the FICA (Federal Insurance Contributions Act) tax paid by employers and employees for Social Security and Medicare, and it's due on your net earnings from self-employment.

Why am I paying self-employment tax? https://ttlc.intuit.com/replies/4799028
[Edited:02/15/2018 [6:28pm]]

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question