turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I made less than $400 being self enployed do I still pay taxes on it? What would I fill out? This was for 2 different self employed jobs.

I made a total of $368.85 with both self employed jobs. I had made $308.80 on chaturbate, then $60.05 with lyft. Do i need to file 2 forms? Am I even required to file them since I made under $400?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
rjs
Level 15
Level 15

I made less than $400 being self enployed do I still pay taxes on it? What would I fill out? This was for 2 different self employed jobs.

If your total income for the year, from all sources, was less than $400, and you did not receive advance premium tax credit for health insurance from the marketplace, then you do not have to file a tax return. If you had other income besides the $368.85 of self-employment income, and you file a tax return, you have to report all your income, including the self-employment income. When you file a tax return you have to include all your income, of any kind, no matter how little it is. If you do file a tax return because of other income, you will pay regular income tax on the self-employment income, but you will not have to pay self-employment tax, since the self-employment income is less than $400.

I'm not sure what you mean by filing two forms. You only file one tax return for the year. You have to include all your income on that one tax return. But Chaturbate and Lyft are two distinctly separate self-employment activities, so you should report them as two separate businesses. That means that there will be two Schedule C forms included in your one tax return for the year.

I made less than $400 being self enployed do I still pay taxes on it? What would I fill out? This was for 2 different self employed jobs.

I will also have a W2. Do I add it on there? I've never done my own taxes before. If I purchase the self employed turbox tax will it give me instructions?
rjs
Level 15
Level 15

I made less than $400 being self enployed do I still pay taxes on it? What would I fill out? This was for 2 different self employed jobs.

You include your W-2 and all your self-employment income, from both sources, in one tax return. Yes, TurboTax Self-Employed will lead you through it. Read the screens carefully. Don't rush.
marianap14
Returning Member

I made less than $400 being self enployed do I still pay taxes on it? What would I fill out? This was for 2 different self employed jobs.

My freelance income (the only source of income I had) was less than $400, I received a 1099NEC and I used Turbotax to figure out if I owed something but I had $0 federal and $0 state taxes due, but I owe Turbotax for the self-employment software. Do I need to pay this if I am not required to file taxes when my income is below $400? 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question