My apologies if this seems like a dumb question as I am new to taxes and I could not find any answers elsewhere, but what would be the pros and cons of having the IHSS wages excluded from Federal Income Tax and State Income Tax?
The IHSS wages will be my only source of income and from my limited understanding, I will not receive a W-2 and will technically have $0 as reportable income. Does this mean I do not have to pay taxes on the wages earned and will not need to file a tax return? Will I still be able to qualify for Unemployment benefits, health insurance, and social security?
