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My husband works and I just work in the summer making like 2900 for the year. Do I have to report this when we file taxes my little summer job

2007-08-10 11:46:26 · 6 answers · asked by karen d 2 in Business & Finance Taxes United States

6 answers

If your husband works then he has income I'm assuming and reports it on his tax return. I don't know though if your summer job is a job where you would get a W-2 at year end or are you considered to be sel-employed? Either way, I would say that yes most definitely you need to report your income when you and your husband file your taxes. You'd most likely either get a W-2 or a 1099 from your summer job, and the irs will be looking for you to report it. If it's a W-2 you possibly had federal and/or state withholding taxes taken out of it. If it's a 1099 then you will owe self-employment taxes on top of regular income tax. Self-employment tax is 15.3% of 92.35% of the net 1099 income. I'm assuming that you and your husband file a joint tax return?

2007-08-10 19:19:47 · answer #1 · answered by Anonymous · 1 0

in case you report a joint return, you would be able to desire to record all income which you the two get carry of. If that then exceeds the submitting requirement quantity -- $17,500 for a married couple submitting mutually for 2007 -- then you definitely could desire to report a tax return. while you're submitting one at a time and your income is basically $2,900 then you definitely do not could desire to report different than to get a reimbursement of any income taxes withheld. the two between the above statements assume that your purely income is from wages project to withholding. in case you have self-employment income, the submitting requirement quantity is $4 hundred and in case you have unearned income the quantity is $850.

2016-12-15 11:31:16 · answer #2 · answered by hinokawa 4 · 0 0

If you file a joint return, you must list all income that you both receive. If that then exceeds the filing requirement amount -- $17,500 for a married couple filing jointly for 2007 -- then you must file a tax return.

If you are filing separately and your income is only $2,900 then you do not need to file except to get a refund of any income taxes withheld.

Both of the above statements assume that your only income is from wages subject to withholding. If you have self-employment income, the filing requirement amount is $400 and if you have unearned income the amount is $850.

2007-08-10 11:58:19 · answer #3 · answered by Bostonian In MO 7 · 1 1

If your husband works and you file a joint return with him, then yes you have to report it.

Or if the "little summer job" is from self-employment, not as an employee where taxes are taken out, then yes, you have to report it.

2007-08-10 12:22:49 · answer #4 · answered by Judy 7 · 1 0

If you file a joint return with your spouse, your income has to go on the tax return.

If you are not filing a joint return, you do not have to file a return with wages of $2,900. IN this cae, your spouse will have to file separately (married filing separately status).

Since $2,900 is less than your personal exemption, by filing separately your spouse will probably pay more tax than if you had filed jointly.

2007-08-10 18:28:27 · answer #5 · answered by ninasgramma 7 · 1 0

Yep

2007-08-10 11:53:27 · answer #6 · answered by Anonymous · 0 0

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