Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Promoted
At what point should start paying taxes on what I earn from a small home based service business.?
2 Answers
Relevance
- Bob FLv 61 decade agoFavorite Answer
When you make $400 if that is all of your income.
If you have other income like a job that already requires you to file a return, then even a $1 profit from your self employment needs to be reported.
- Anonymous1 decade ago
For federal purposes, you will have a filing requirement at $400 net earnings because that is the point that Selfemployment tax is due.
Still have questions? Get your answers by asking now.