I babysit out of my home and they paythrough venmo and cashapp. Do i report this?

[LeticiaF1]

If your babysitting income was $400 or more for the year, then yes you will have to report it.  The income you earned is self-employment income and it gets reported on Schedule C.  You can deduct the expenses related to the work that you did during the year.  To enter the income follow the instructions below:

1. Type Schedule C in the Search box.
2. Select the Jump to link.
3. Answer Yes to Did you have any self-employment income or expenses? and answer the questions until you get the Select any expense categories you have screen.
4. Select your expenses, then Continue.
   • If you've already worked in this section, select Edit or Review next to your business.
5. Then select Start or Edit next to an expense type that you had.
6. Enter your expense description and amount, and answer any other questions we ask.
7. If you had more than one expense for a type, select Add another row to include them all.
8. If you have additional expenses of other types, select Add expenses for this work and repeat steps 4 through 6 to add more.

In addition to these steps, below are two links to more information about how to report your self-employment income, and also some of the most common expenses that businesses can claim depending on your industry.

What self-employed expenses can I deduct?

Where do I enter my self-employment business expenses, like home office, vehicle mileage, and suppli...

[Edited 1/28/24 | 2:15PM PST ]