How much can a self employed 66 year old female make before she has to file taxes
You'll need to sign in or create an account to connect with an expert.
Your gender is irrelevant, so not sure why you mentioned it. If you have even $400 of self-employment income you are required to file a tax return and pay self-employment tax for Social Security and Medicare.
If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare, you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.
https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922
The threshold is actually $433 of net profit because net profit gets multiplied by 0.9325 before the result is compared to $400 when determining if one is required to pay self-employment taxes.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
karen-raff
New Member
User17622150078
New Member
eud2101
New Member
2chem2
Level 2
antoniu-crainic
New Member