Self employed

This is a fantastic question!!!!

If you have net earnings of $400 or more, you're required to file a tax return. The IRS does this in order to collect your self-employment tax. You won't owe income tax if your earnings are that low, but you might still owe self-employment tax.   You probably will not  owe any Federal/State taxes.

Here are some of my favorite links concerning Self Employment.

Self employment tax

Self employment tax hub with calculator

Self Employment income and expenses

Thanks again for the best question today!!

Katie S