1 {{ upvoteCount | shortNum }}
1 {{ upvoteCount | shortNum }}

So, taxes?

by jtlucas2511
1 replies
So the tax question has come up in my head and I am not quite sure what to do when it comes to taxes. I'm 19, so I haven't dealt with taxes whatsoever so far, and I have brought in over $2500 this month so far, and I depositing $500 checks every few days is going to draw up some attention isn't it?

So any advice on what I should do would be great, thanks!
#taxes
  • Profile picture of the author RRG
    Originally Posted by jtlucas2511 View Post

    So the tax question has come up in my head and I am not quite sure what to do when it comes to taxes. I'm 19, so I haven't dealt with taxes whatsoever so far, and I have brought in over $2500 this month so far, and I depositing $500 checks every few days is going to draw up some attention isn't it?

    So any advice on what I should do would be great, thanks!
    Probably not. But the gummint will know what's in your bank account. If you keep cranking $500 deals, you'll end up with enough income to have to pay taxes. Plus you'll have to pay 15.3% SS/Medicare self-employment tax in addition to income taxes.
    {{ DiscussionBoard.errors[4495721].message }}

Trending Topics