- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Do I have to file my 2019 taxes in this season cause I have been in this business for only 3 months.
Topics:
June 1, 2019
1:06 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Generally, if your income is over the filing requirement for 2018 income, you do not have to file. However, any self-employment income over $400 must be reported. If so, you must file a return. You would need to upgrade to D
eluxe to just enter the income. You would need Self-Employed to deduct expenses.
The standard deductions for 2018 are:
Single $12,000
Married Filing Jointly $24,000
Head of Household $18,000
For those taxpayers who are 65 and older or blind, add another $1300 for each condition.
June 1, 2019
1:06 PM