Should i be paying taxes in the US if my income is 3k ? ?
- 28AKOLv 52 months ago
you have to pay taxes regardless of your income. it should be coming out of every oay check
- StephenWeinsteinLv 72 months ago
If $400 or more is from your own business, work as an independent contractor, self-employment, or any combination of these, then you should be paying self-employment tax.
If none (or less than $400) is from those things, you should not be paying income tax, except possibly if you are a dependent or are married to someone who itemizes deductions.
If you are buying things that are taxed, you should be paying sales tax.
- JudithLv 72 months ago
Employers must deduct taxes; how do they know how little you will be making? They don't. At $3K a year you will get a refund of taxes withheld when you file your income tax return.
You still must pay FICA (social security) regardless of how much you earn.
- Max HooplaLv 72 months ago
Income tax no, Social Security and Medicare tax, yes.
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- Ron AkiaLv 72 months ago
If your income is from an employer the answer is no. However, if you are self-employed, you will not pay income taxes although you will be required to file and pay your social security taxes.
- SlickterpLv 72 months ago
If that is your entire income and it is on a W2, no income tax, yes FICA taxes. If it is 1099, you will pay no income tax, just self employment tax.
- Anonymous2 months ago
Yes, at least $1600 a year.
- JudyLv 72 months ago
if self employed yes, otherwise probably no to fed, maybe to state and local.
- Coffee DrinkerLv 72 months ago
Social security tax is 6.2% and medicare is 1.45% on wages earned from regular employment. Those taxes start with the first dollar you earn and are automatically withheld by your employer every payday even if you claim "exempt" on your tax forms.
If your income is $3k per year, then you won't owe federal income tax and should claim exempt on your W4. If your employer withholds money for federal income tax you can file a tax return at the end of the year and get a refund.
If your income is $3k per month (or per paycheck or per week or whatever) then you'll probably earn enough to owe at least some tax.
State taxes vary and you haven't your mentioned location.
- Anonymous2 months ago
Your income is 3k per WHAT? Week? Month? Year?
What kind of taxes are you referring to? Federal income? State income? Social security/medicare? Sales tax?
Simple answer is yes. It's doubtful that any human being can live in the USA and avoid paying ANY tax.
But since you gave absolutely ZERO meaningful information, no one can answer your question.