To Clarify
What is the limit of income where a person does not have fie taxes on it?
If the payments to an independent contract is less than 600, the Payer is not required to file a 1099-NEC, but the Independent Contractor needs to file and pay Self-Employment tax on that income.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
