- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
I file federal taxes for selling cakes i made at home for parties during 2016, around $2000, do i have to file state? Why yes or why not?
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
I file federal taxes for selling cakes i made at home for parties during 2016, around $2000, do i have to file state? Why yes or why not?
Yes and maybe.
Any income reported on your fedearl return must be reported on your state return.
The states do not necessarily use the same filing threshold as the feds. If the extra $2000 does not get you to the state minimum, you do not need to file. Because of federal self employment tax, it is not uncommon to have to file a federal return, but not state.
To find your state's filing requirement, see https://ttlc.intuit.com/questions/2903200-do-i-need-to-file-a-state-return
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
I file federal taxes for selling cakes i made at home for parties during 2016, around $2000, do i have to file state? Why yes or why not?
Yes and maybe.
Any income reported on your fedearl return must be reported on your state return.
The states do not necessarily use the same filing threshold as the feds. If the extra $2000 does not get you to the state minimum, you do not need to file. Because of federal self employment tax, it is not uncommon to have to file a federal return, but not state.
To find your state's filing requirement, see https://ttlc.intuit.com/questions/2903200-do-i-need-to-file-a-state-return
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
I file federal taxes for selling cakes i made at home for parties during 2016, around $2000, do i have to file state? Why yes or why not?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
I file federal taxes for selling cakes i made at home for parties during 2016, around $2000, do i have to file state? Why yes or why not?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content