Do I have to file taxes as a babysitter?

I just turned 19 and I only babysit one kid and that s my cousin, for 50$ a week. Its less than 3k a year. I would like to pay my fair share of taxes but I was just wondering if I have to do that and if so, how I would do that. Im not licensed or anything Im just helping out my Aunt.
Any info is appreciated.
I also

I just turned 19 and I only babysit one kid and that s my cousin, for 50$ a week. Its less than 3k a year. I would like to pay my fair share of taxes but I was just wondering if I have to do that and if so, how I would do that. Im not licensed or anything Im just helping out my Aunt.
Any info is appreciated.
I also live in California if that helps.

Other answer:

Cathi K:
Technically you are a household employee and your aunt needs to give you a W2. If you were out getting multiple babysitting jobs then you could be an independent contractor and you have to file once you earn $400. There are no federal or state taxes at that level but a little self employment taxes. These self employment taxes are your social security and medicare taxes.
Golden Rose:
Since you only have one employer, and you make more than $2000. You are an employee and you and your aunt are required to pay social security taxes and make the proper tax withholding and declare the income as wage (this is the correct way). But this may cause a lot of expenses and taxes for you and your aunt. What you can do, if you still want to pay taxes, is to declare your income as a babysitter who works for several employers and pretend that those "imaginary" employers pay you each one less than 2000/yr. You can declare it in the "other income' section and pay the proper tax to the irs, i think for a small amounts of income it is currently a 10% tax.
StephenWeinstein:
Officially, yes. If you make $400 or more doing any work, except as an employee, then you are required to file.

Realistically, if you don't file, I don't know whether you will get caught.

Pascal the Gambler:
You have to file at $400 for the year.
Max Hoopla:
If you earn $1,900 your employer has to withhold Social Security and Medicare and give you a W-2.
tro:
this is not taxable for income tax, it is below your non taxable income limit, either as a dependent or not one
you would owe $424 self employment tax which you probably want to get started on your 40 quarters of employment to get SS later on
Judy:
Yes you do since it's over four hundrd dollars a year.
Share

Leave a Reply

Your email address will not be published. Required fields are marked *