Wednesday, July 21, 2010

Do I have to file taxes if I made little on normal jobs but more on self employment?

I made less than $3,000 on normal jobs last year, but over $4,000 on self employment.





I know that you have to file self employment if its over $400. But does this mean I have to file the $3,000 i made on normal jobs too? (Because I thought you dont have to file taxes if you made less than so much on normal jobs)

Do I have to file taxes if I made little on normal jobs but more on self employment?
Yes, since you are required to file because of the self employment, you have to show the W-2 also.
Reply:I think because all together you made so much, you may have to file for all of your income.


On the self employment,you can write off many things and that will help you not to have to owe allot in taxes possibly.


For example, if you do carpentry work and had to buy the materials, you keep all receipts and add up your out of pocket expense and you deduct it from you taxable income.


Maybe you already know that. Also, depending on how much you made self employed, if that was all you made and didnt make anything with the regular job,you can make up to a certain amount and not have to file. Im not sure what the amount is though.


It can be tricky when you work both ways so I would defiantly talk to an expert.But check around because some places will totally rip you off.


I used to always go to h%26amp;r block until I met someone who does taxes. he is very reputible and does not charge near what h%26amp;r block charged me.In 2006 h%26amp;r charged me almost 300.00 My taxes arent complicated. I worked a regular job and have a couple of children to claim,have w2's to go by and thats it. I had this tax guy do them for me and he charged me 100.00 He keeps eveything right on the computer,he gives me a copy of eveything,very professional.


h%26amp;r people get some type of commision I think.

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