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kait-groft
New Member

My daughter is 18 yrs old and received a 1099 MISC form for her cheer coaching and it's stating she would have to pay federal taxes? Is that correct? She only made a total of $3000 this year

 
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jerry2000
Alumni

My daughter is 18 yrs old and received a 1099 MISC form for her cheer coaching and it's stating she would have to pay federal taxes? Is that correct? She only made a total of $3000 this year

That is self-employment income in the eyes of the IRS. Yes, she has to file a return. She will owe self-employment tax even if she owes no ordinary income tax. The self-employment tax is 15.3% of 92.35% of self-employment income. Personal exemptions and standard or itemized deductions do not reduce or affect se tax at all.

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