No, there is no limit up to which you don't have to declare your self-employment income. All income, regardless of the amount, is required to be reported on your tax return. This includes any money earned from freelancing, consulting, or any other type of self- employment. The only exception to this rule is if the total amount of income you earned from all sources is less than the standard deduction. For the 2022 tax year, the standard deduction is $12,950 for single taxpayers. If you're earning your self-employment income from church activities, you won't have to pay self-employment tax on this amount unless your total earnings exceeds $108.28 in a year.
Being responsible for your self-employment tax is part and parcel of being your own boss. While it's important to know exactly how to calculate your self-employment tax, there are many resources available to help make the process fast and efficient. Fiverr Workspace's self-employed tax calculator is one such resource that can take the guesswork out of tax season for self-employed individuals. It's also important to keep track of your self- employment income and expenses throughout the year, so that you can be as prepared as possible come tax time.