Earn Money Via Blogging
Do I need to pay taxes?
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.
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.
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