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Business & farm
You have to file an income tax return if your net earnings from self-employment were $400 or more.
I suggest you use the TurboTax TaxCalculator to estimate your tax obligations. You'll need to add your estimated w2 income plus your self employment income. Remember you can deduct valid expenses from the self employment.
Here are the resources you should use to get a good handle on your obligations.
Self Employed Expenses
Self Employed expense monitor
How To Estimate Federal Withholding
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‎August 28, 2024
11:58 AM
3,042 Views