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mrseilcolon
New Member

If a new job started in Dec 2020 did not yield more than $200.00, is the income needed to be reported?

 
2 Replies
SweetieJean
Level 15

If a new job started in Dec 2020 did not yield more than $200.00, is the income needed to be reported?

Yes you do.

VolvoGirl
Level 15

If a new job started in Dec 2020 did not yield more than $200.00, is the income needed to be reported?

If you got a W2 or 1099 for it you have to report it.  You have to report all your income no matter how small.  Unless your total income for the year is less than 12,400.  If you have other income to file you have to report all your income.

 

Do you need to file a return?

https://ttlc.intuit.com/community/filing-and-paying-taxes/help/do-i-need-to-file-a-federal-return-th...

 

 

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