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posted Apr 2, 2024 11:24:26 PM

If I made money from freelance contract work under $600 in 2023, do I still have to file this income?

Young freelance composer commissioned for the original soundtrack of a film, and unsure about whether I should file income from my contract.

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2 Replies
Level 15
Apr 3, 2024 2:22:52 AM

see iRS filing instructions, but if that was your only income for 2023 a federal tax return is not required. 

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf 

Level 1
Apr 3, 2024 4:24:07 AM

Actually, because this is self-employment income, if you earned at least $400 for the year you do need to file a return because of the 15.3% self-employment tax you'd owe on it.  If the income totaled less than $400, then you don't need to file.  See page 10 of the publication the other reply gave a link to.