How much income can you have before claiming it on taxes?

Question

I know it is a small amount but uncertain of how much. I live in Pa and was curios as I sometimes do home care that pays cash. Thanks!!

Answer 1

over 600.00 dollars

Answer 2

Depends upon your filing status and the source of the income.  See IRS Pub 501 for a full discussion on filing requirements.  That's for Federal income taxes.  For PA income taxes, it's $33.00.  That's right, $33.00.

Here are some quick 2008 numbers for Federal, assuming that you are not a dependent, and your filing status is Single:

Wages from employment subject to withholding:  $8,950.00.

Self-employment:  $400

Answer 3

If you are self-employed, it is $400 for the entire year.

Remember, this limit applies to all of your self-employment income and not each individual job.

If you are already over the filing require due to another job, ALL additional income must be reported.

Answer 4

Bostonian and Wayne give correct info for federal.  And if you are already required to file a return for any reason, like other income, then the side income must be reported from the first dollar.

In PA, if you have income over $33, you are required to file a state return. Yes, that's right, thirty three dollars.