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You must file a tax return if you have net earnings from self-employment of $400 or more from gig work, even if it's a side job, part-time or temporary.
you file schedule C.
you are confused about this
(it would be great if I could in order to help boost overall income for the Additional Child Tax Credit)
it's not her income to report it's yours. I see no way this would increase her income nor do anything else that would increase the credit.
Thank you for the reply, Mike9241!
It seems that the late hour at which I posted my question caused me to ask it poorly.
I have other self-employment income from freelance writing work and freelance audio-visual work done during 2022. My wife also has a small amount of W-2 income, so we definitely have to file taxes.
Regarding boosting income - the AGI for my wife and I is below the point that maximizes the Additional Child Tax Credit. Using the IRS formula, our income isn't high enough above the base $2,500 to maximize the $1,500 refundable portion of the Additional Child Tax Credit for our three children. Therefore, adding the money I was paid to renovate my grandmother's house as self-employment income increases our overall tax refund.
What I was really wondering was if income earned from renovating a relative's house counted as self-employment income, or if I need to report it on my return under miscellaneous income, hobby income, or something else. Thank you so much!
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