Taxes?

[unknown_user0032]

Taxes depend on your location. In the UK you can earn £180 a week without paying any taxes at all. I don't know what it is elsewhere.[DOUBLEPOST=1372690743,1372690688][/DOUBLEPOST]

If she makes over $5.7k in income then she needs to file taxes. That's if she's classified as a underage dependent.

Wow you guys pay taxes at a REALLY low rate. In the UK it's about £9000 ($13,000) per year before taxes are paid!

 

[THEREALFLUFF]

Wow you guys pay taxes at a REALLY low rate. In the UK it's about £9000 ($13,000) per year before taxes are paid!

The minimum threshold is different depending on your age and whether or not you're married.
Self-employed, any age: $400
Children and Teens classified as a dependent: $5,700
Single, under 65: $9,350
Single, over 65: $10,750
Married, filing jointly, both spouses under 65: $18,700
Married, filing jointly, one spouse over 65: $19,850
Married, filing jointly, both spouses over 65: $20,900
Married, filing separately, any age: $3,650

 

[unknown_user0032]

The minimum threshold is different depending on your age and whether or not you're married.
Self-employed, any age: $400
Children and Teens classified as a dependent: $5,700
Single, under 65: $9,350
Single, over 65: $10,750
Married, filing jointly, both spouses under 65: $18,700
Married, filing jointly, one spouse over 65: $19,850
Married, filing jointly, both spouses over 65: $20,900
Married, filing separately, any age: $3,650

The one I mentioned is single person over 18. You don't pay tax under 16 (I think) in this country. They also don't count whether you're married/dependant etc. That's the same for everyone.

 

[Thrashbat]

If she makes over $5.7k in income then she needs to file taxes. That's if she's classified as an underage dependent.

This is to my understanding as well. If she worked at an actual job, they might take some of the pay out for taxes anyway, but you don't need to file until that limit.

 

[phoenixblue]

The minimum threshold is different depending on your age and whether or not you're married.
Self-employed, any age: $400
Children and Teens classified as a dependent: $5,700
Single, under 65: $9,350
Single, over 65: $10,750
Married, filing jointly, both spouses under 65: $18,700
Married, filing jointly, one spouse over 65: $19,850
Married, filing jointly, both spouses over 65: $20,900
Married, filing separately, any age: $3,650

I'm over 18 and Youtube is self-employed so I have to pay taxes at $400?

 

[THEREALFLUFF]

I'm over 18 and Youtube is self-employed so I have to pay taxes at $400?

I would recommend you consult a professional. I'd don't work for the IRS or anything like that.

 

[Gabriel]

I'm over 18 and Youtube is self-employed so I have to pay taxes at $400?

How do you know YouTube is classified as self-employed? I believe you're an independent contractor for Google when using AdSense which I don't think is considered self-employed.

I thought self-employed was, for example, if you own your own registered business. Maybe I'm wrong.

 

[Kevfactor]

hey just curious but is the money you're getting from a network untaxed(think it's called net/gross pay)? meaning when i file my w2 will i owe a full years worth of income tax on it?