Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 11:25:48 PM

Can I still do my taxes if I get paid cash?

I work as a cashier in a restaurant but I get paid cash can I still file?

1 7 50097
7 Replies
Level 7
Jun 4, 2019 11:25:49 PM

Yes, if you earned more than $400 in cash, the IRS considers you to be self-employed and you are required to file a Schedule C, business income and expenses and pay self-employment tax (Social Security and Medicare-same as withholding on a W-2).

Simply follow these steps to enter your income from self-employment. 

New Member
Mar 2, 2020 1:29:16 PM

if i get paid cash how can i do my texs

 

 

Level 15
Mar 2, 2020 1:31:20 PM

If you don't get a W2 and they don't take taxes out of your pay that  is self employment income.

You can enter Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version.

 

How to enter income from Self Employment

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

Level 1
Apr 15, 2020 9:11:30 PM

Can I still do taxes if I get paid cash for the work I do

Level 15
Apr 16, 2020 8:10:33 AM

Yes same answer that I posted right above your question.

New Member
Feb 11, 2021 8:41:58 AM

400 in cash for the year or for the month?

Level 15
Feb 11, 2021 9:00:48 AM

That's $400 net for the year.  

When you report self-employment income is $400 or more, after deducting expenses, Schedule SE will generate in TurboTax. 

Please see the TurboTax Help articles Why am I paying self-employment tax? and Does a 1099-NEC or 1099-MISC mean I'm self-employed? for more information.