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I have a friend that is firightened about her taxes...she…

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I have a friend...

I have a friend that is firightened about her taxes...she and her husband only make $25,000 a year...husband is a self employed handyman...and wife does not work.....my question is this; are these folks even required by law to file a tax return every year being that they make so little?

Submitted: 1 month ago.Category: Tax
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Answered in 5 minutes by:
12/27/2017
Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 month ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 16,728
Experience: 15years with H & R Block. Divisional leader, Instructor
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Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 month ago

Yes, they are required to file. If you make even $400 in the year by self employment you must file and report that income but you are allowed to deduct your expenses.

He does need to pay Self Employment tax on the income (after expenses) that is more than $400. That amount goes toward SS and Medicare.

He needs to complete a Schedule C to report the income and deduct the expenses.

Please let me know if you need more information.
If not then please scroll up to see the STARS to rate so I am credited.

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