AnnetteB6
Expert Alumni

Self employed

Based on the guidance of the IRS and your net self-employment income (gross income minus expenses) being below the $400 limit where any self-employment tax would be owed, you do not have to file a return.

 

Be sure that you do have documentation showing both your income and expenses related to the side work that you did.  The IRS could question why a return was not filed since the income by itself is above the $400.  

 

[edited 2/28/2025 | 8:06 am PST]

 

@cmc4ew 

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