You should include your Babysitting Income and related Expenses on Schedule C. I would recommend setting aside about 20% of your earnings to cover self employment and income taxes.
You can include your earnings from your babysitting work in TurboTax Online by following these steps:
- Login to your TurboTax Account
- Click "Take Me To My Return"
- Click "Federal" from the left side of your screen
- Scroll down to "Self Employment" and click "Show More"
- Click "Start" next to "Income and Expenses" and then click "Yes"
- From here, TurboTax will walk you through entering your income and expenses from your babysitting work
