Paying taxes on online earning sites
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
• 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.
• 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...