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Business & farm
Hi There
Please see below for guidelines:
You have to file an income tax return if your net earnings from self-employment were $400 or more. If your net earnings from self-employment were less than $400, you still have to file an income tax return if you meet any other filing requirement listed in the Form 1040 and 1040-SR instructions PDF.
Who must pay self-employment tax? You must pay self-employment tax and file Schedule SE (Form 1040 or Form 1040-SR) if either of the following applies. Your net earnings from self-employment (excluding church employee income) were $400 or more.
‎November 13, 2024
9:32 AM