Paying taxes on online earning sites

@maezee (32319)
United States
May 31, 2016 6:44am CST
Have you ever joined a site where you ended up paying taxes on your online earnings? I was just wondering as someone told me that sometimes the limit in earning is around $600 a year, and I"ve managed to make around $400 on one survey site in the past 5 months. Have you ever paid taxes on your online earnings? How much did you earn before having to pay taxes on it? Some people are telling me $600, others are telling me $1099. I will be doing some research for sure just to make sure. I am sure I won't make the $1,099 but unsure about hte $600. It could happen. Have you ever paid taxes on any of your online earnings? How exactly did you do it?
6 people like this
8 responses
@JolietJake (51144)
• United States
31 May 16
Legally, ALL income is to be reported to the IRS. But having said that, I don't know anyone that reports it and pays taxes on it.
2 people like this
@maezee (32319)
• United States
31 May 16
Hmm. Interesting. So what you are saying is that we are all evading taxes? Oh boy. See you in the big house!
@JolietJake (51144)
• United States
31 May 16
@maezee Yeah, technically we're supposed to report any other income when we file our W-2 forms
@Susan2015 (20607)
• United States
31 May 16
@JoiletJake I even report the use tax for our state. Most do not.
1 person likes this
@fishtiger58 (30338)
• Momence, Illinois
31 May 16
I don't pretend to understand taxes, but ebay doesn't tell the IRS anything until you have earned $20,000 in a year. I think I have that right.
1 person likes this
@KristenH (24102)
• Cuyahoga Falls, Ohio
31 May 16
I never heard of this before.
@maezee (32319)
• United States
31 May 16
Did I make it understandable though? If you earn over a certain amount I believe they send you a tax form. And you get penalized during the next tax time. So you have to pay taxes on them (after the fact). Of course I have never heard of a site that actually deducts taxes from what you've earned, probably because we usually only earn a few bucks here or there.
1 person likes this
@KristenH (24102)
• Cuyahoga Falls, Ohio
31 May 16
@maezee It does in a way. I would never make that much money alone from these sites.
@earnnings (1299)
• India
4 Jun 16
Frankly speaking, I have never earning a good amount online. I dnt get such dort of site till now. So dont have an idea regarding this
@zarlamain (24525)
• United States
31 May 16
Regardless of the amount in online income, you are technically supposed to claim all income earned.
@miniam (9241)
• Bern, Switzerland
31 May 16
While doing the research it`S important to remember some states might have different law.
@chris2050 (1335)
• Manila, Philippines
31 May 16
Yes, I know about the payment of taxes for online earnings, it apply when you make $1,099 in a year, not $600. I was recently hired by an online company to do some translation and transcription jobs, I was sent the W-2 form, but it was stated that, if I don't live in the U.S, there is not any need for me to fill that form. It was explained in the contract that the taxes applied if the earnings reach $1,099, well, I got all my money without filling that form, because I am not U.S based, so if your earnings will reach $1,099, I guess there is nothing to worry about...
@Susan2015 (20607)
• United States
31 May 16
Some sites when you get close to the $600. want you to fill out a form so they can report it. You can also report any amount when you do taxes, under the hobbies part.