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New Member
posted May 31, 2019 8:30:04 PM

How much money can I make without having to pay tax?

What is the limit of income before I have to pay tax?  I cleaned a few houses and wanted to know if I need how much I can make without paying taxes on the income.

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1 Replies
Expert Alumni
May 31, 2019 8:30:05 PM

If that's your only income (self-employment), you have to file a return if your net income is over $400. You will pay self-employment tax (the equivalent of Social Security and Medicare) once your net income exceeds just $400.

Its similar to when you work as an employee and get a W2. They take out Social Security and Medicare on next to nothing. Same idea here.

If you have other income, then the threshold would probably be $0 and up. If just the cleaning is over the $400, you would owe tax no matter what else.