I know a little!

(you know what, I'll send you a note because I just realized I shouldn't be writing out some personal info XD)

GASP yes please do X'D I would love to hear it!

at least in my state, you dont have to file commission/adoptable/art sales income unless it exceeds a certain amount of your income for the year, i believe 300 dollars or more... basically anything below that is just not significant enough to be considered taxable income

it probably depends on your state and how you file your taxes though! its always a good idea to keep records of this sorta thing, just in case! (i use a chart i made in a spreadsheet program to document how much was paid and by who, though dates are something i need to add for next year)

sorry for a barebones response, but i hope it at least gives you a starting point

Yes! I think that is a good idea, I saw someone else suggest that when I was researching. Thank you for taking the time to respond ^^!

no problem! my fiance's mother is a longtime tax preparer, and ive asked her a ton of questions on the subject myself!

If you calculate your annual income you'll be able to determine what tax bracket you fall under, and you'll have a pretty good idea of how much income you should put aside in anticipation for taxes!

Yeah that makes sense!

I usually just set aside 30% of all my commission/freelance income into a checking account specifically for coughing up at the end of the year when tax time comes around. I'm also a major receipt-hoarder so I track EVERY possible business expense out there. If I end up not owing all of it, hey cool, it's like finding an extra $20 or $200 in your coat pocket.

Depending how much you make off freelance income, it may be worth your while to go through a CPA rather than the usual online tax services. A good CPA will know all the complex IRS legal hocus-pocus to lower the amount of money you owe as much as possible.

I'm also in California so I feel your pain on this, ugh.

Yeah I was thinking probably 30% would make sense to set aside, that's what my father told me too haha.

And oh! that's good to know, thanks for that ^^!

And yeah California can be rough X'D

Dragonsushi should be right, it should only be counted as income if you generated more than 300-500 in a year. If it's below that, you don't have to report that.

I think Paypay might generate a tax form for you if you've received more than that, but it might be good to check the FAQ over there to make sure. You'd report that as income from one "workplace", so you shouldn't need to split everything out. Even though you took multiple clients in the year, it's all just under being self-employed. Taxes on that generally hurt.

Yeah! I just found out about that from someone else, that helps a lot knowing that. X'D That was one of my biggest worries haha.