What Is Notary Public Income

While the net income of a notary public is subject to federal income tax it is not subject to self employment tax.

What is notary public income. Big income potential no college degree required to put the potential notary loan signing agent income into perspective the median per capita income according to the us cens u s bureau is a little over 31 000. In these cases a notary may have generated a large income throughout the year. Or this may be larger payments received for mobile notary services or loan closings. It is all important that notaries keep active logs of all notary related income.

The salary mentioned here is specific to full time notaries working in settings such as banks corporations government agencies and law firms. The average notary public salary is 14 04 per hour. A notary public serves as a state official who is a bonded witness of a signature. The average income for a notary public is 32 593 per year indeed 2018.

This income will be reported on form 1040 schedule c. An entry level notary public with less than 1 year experience can expect to earn an average total compensation includes tips bonus and overtime pay of 14 45 based on 18 salaries. This may include a simple notary fee that is charged for everyday notarizations such as acknowledged documents or sworn affidavits. New hampshire notary public salary.

Notary loan signing agents have the potential to surpass that income simply by doing a handful of loan signing jobs each week. Hawaii notary public salary. Freelance notary public income varies. The services of a notary public ensure that all parties have legitimately signed those documents and have done so voluntarily.

In florida and perhaps in other states a notary public can also perform a marriage.