# How can I use Cash App to check my taxes?
Cash App, a popular mobile payment app, can also be used for business transactions.However, it's essential to understand how to check and report your levies, If you've used Cash App for business purposes.


**Understanding Cash App levies**

When using **[cash.app/taxes](https://wwwcashapptaxes.nicepage.io/)** for business deals, you are generally considered tone- employed. This means you are responsible for reporting your income and paying levies on it. Cash App does not withhold levies like a traditional employer would, so it's over to you to track your income and pay the applicable levies.

**entering a 1099- K Form**

still, you will probably admit a 1099- K form from Cash App, If you entered further than$ 600 in gross payments through Cash App during the former duty time. This form reports the total quantum of payments you entered, the number of deals, and the date of the payments.

## Checking Your Cash App Deals

**1. Open the Cash App:** Launch the **[cash.app/taxes](https://cashapptaxes.github.io/)** app on your device.

**2.** Navigate to Your exertion Tap on the exertion tab, generally represented by a timepiece icon.

**3.** View Deals You will see a list of your deals, including the date, quantum, and philanthropist or sender.

**Tracking Your Income**

To directly report your income from Cash App, you will need to keep track of the following

Business Charges Any charges related to your business, similar as inventories, outfit, or marketing costs.
Income The total quantum of plutocrat you entered through Cash App for business purposes.
Profit The difference between your income and charges.

**Reporting Your levies**

**1.** Gather Necessary Documents Collect your 1099- K form, business charges, and any other applicable documents.

**2.** train Schedule C If you are a sole owner, you will need to file Schedule C, Profit or Loss from Business, with your duty return.

**3.** Report Income and Charges Enter your Cash App income and business charges on Schedule C.

**4.** Calculate Net Profit Abate your charges from your income to determine your net profit.

**5.** Pay levies Pay levies on your net profit according to your duty type.

**fresh Considerations**

State levies In addition to civil levies, you may also need to pay state and original levies on your Cash App income.
Estimated levies If your income is significant, you may need to make estimated duty payments throughout the time to avoid penalties.
Tax Professional If you are doubtful about how to report your Cash App income or have a complex duty situation, it's recommended to consult with a duty professional.

Flash back It's pivotal to directly track and report your **[cash app taxes](https://cashapptaxesdownloadsetup.wordpress.com/)** income to avoid penalties and insure compliance with duty laws.