In the midst of trying to figure out my American income taxes, I discovered that I am considered “self-employed in a US business” thanks to the Google Ads on my website. Huh? I’m self-employed? But I don’t even make enough money to break even each month!
I had thought my Google payments would just be considered as other or miscellaneous income for tax purposes. But nope. Apparently I have my own business and so I must pay the Self-Employment Tax of 15.3%.
I don’t qualify for the Economic Stimulus Payment or the Earned Income Tax Credit either. Awesome. But at least I can deduct web hosting and internet connection costs.
But here’s the kicker… US citizens have to file taxes only if their income is over $8,750, which mine is definitely not. However, if you are self-employed, you have to file taxes if your income is over $400! Lame.
So since I will have to pay the SE tax anyway and since I’m really starting to fear not being able to find a job in France, I suppose I should try to make my “business” more profitable. What do you think I should add/change/redo on my website? I’m not very good with marketing since I care more about the content and quality than how many people are looking at it or linking to it… But working on my site will probably be my full-time job this summer while I’m waiting for the right to work in this country, so let me know what I should work on!