I'd like to know if there is a tax for taking online surveys.And if so, how much?
2007-12-29 05:27:31 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
If you actually earn money from it, then yes, it's taxed as self-employment. You'll pay around 14% for self-employment tax for social security and medicare, plus whatever income tax you owe - percent for that will depend on your total income for the year including the survey income.
2007-12-29 05:42:47 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
It also depends on how much you earned. If it was less than $400, you don't owe the self-employment taxes. If you made no other money (you're just doing it to make a few extra bucks while in school), you're well below the threshhold income $8700 for filing taxes (unless your parents claim you, then the number drops to $5350). If you've had federal tax withholdings, you should file a return to get whatever you overpaid back. Since you've net savy, try HRBlock Tax-Cut online or the www.irs.gov web site if your return is really simple.
2007-12-29 15:45:28 · answer #2 · answered by Patrick S 3 · 0⤊ 0⤋
You can also make income answering online surveys. I am making $1800/month by using this program: http://is.gd/myeasycash It's a little bit tedious work but a lot better than working at KFC.
2014-07-22 15:41:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋