Baby sitting Income

[Kim4]

How do I file babysitting taxes if I do not work for a single family?  I mainly service tourist families, so it is usually one time jobs. I work approx 25hrs a week. Approx how much should I put away for taxes? Will I have to pay both employer and employee taxes? I am single no dependents.

[Rachel_W]

You should include your Babysitting Income and related Expenses on Schedule C.  I would recommend setting aside about 20% of your earnings to cover self employment and income taxes.

You can include your earnings from your babysitting work in TurboTax Online by following these steps:

• Login to your TurboTax Account 
• Click "Take Me To My Return"
• Click "Federal" from the left side of your screen
• Scroll down to "Self Employment" and click "Show More"
• Click "Start" next to "Income and Expenses" and then click "Yes"
• From here, TurboTax will walk you through entering your income and expenses from your babysitting work