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DaimianA
April 29, 2020
Solved

Digital Art Hobbiest

  • April 29, 2020
  • 1 reply
  • 0 views

I am a young digital artist that does commissions for users online through PayPal as a hobby. I'm currently a resident in Texas and was wondering if I could have some advice on whether I need to fill out tax forms for the income I receive from my art. I already have the knowledge that if I need to make $400 a year for certain stuff to qualify. I can safely say I do not make even 25% of that much in a year currently and only do this as a hobby for my passion for digital artworks while still in high school. Is there anything I would need to fill out at the end of the month/year to safely make my art without breaking any regulations? Thank you for your help in advance.

Best answer by AnnetteB6

You will not need to file a tax return reporting your income from your digital art until you have made more than $400 for the year.  This $400 would be the total of your income minus any expenses you incurred (like a PayPal fee for example).  Once you hit that threshold, you would need to file a return.

 

This is true whether or not you are being claimed as a dependent on another return because your income is considered to be self-employment.  

 

 

@DaimianA

1 reply

AnnetteB6Answer
April 29, 2020

You will not need to file a tax return reporting your income from your digital art until you have made more than $400 for the year.  This $400 would be the total of your income minus any expenses you incurred (like a PayPal fee for example).  Once you hit that threshold, you would need to file a return.

 

This is true whether or not you are being claimed as a dependent on another return because your income is considered to be self-employment.  

 

 

@DaimianA

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March 25, 2024

Hello, how about in Canada?

Really appreciate the help. 

CatinaT1
March 25, 2024

There is a Canadian Community that can help you. https://turbotax.community.intuit.ca/turbotax-support/en-ca

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