Filing taxes for received money?

CharlieHerr1995
Contributor
Contributor

I've been making small sales through PayPal for about 3-4 years now. I'd say I'm paid a little over $2000 a year right now maybe a little less. However is this enough money that I have to file taxes? This is usually a payment of $30.00-$150(varies) a few times a month. I am no where near 200 sales a year, probably 30-40 total. No credit card payments or anything, all strictly PayPal balance received payments.

 

I just found out that you have to file for PayPal transactions, had no idea for this whole time. I started selling at 18 and I just never even thought of filing taxes for the amount I make via PayPal yearly. Also - for me not doing this at all since 2015, will there be repercussions/extreme fees? I'm just a young concerned guy in my early 20's. I'm at a bit of a loss right now/stressed.

 

Any help is appreciated,

Thank you for reading

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