Do I need to pay taxes?

Question

I'm a 16 year old student living in the United States. Over the past few months I have earned $450 by blogging online for a website owned by a Canadian. This money was paid to my PayPal account, and I recently transferred it into my Bank of America account. Do I need to pay taxes on this money? The money was paid to me by a Canadian via PayPal, so I'm kind of unsure.

Answer 1

oops....he's right, self employment is a whole different ball of wax....LOL

Answer 2

This is considered self-employment income.  Even if this is the only income you have, as soon as it's $400 or more, you have a filing requirement.

You would owe $64 in Self-employment tax.