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Tax traps that side hustlers should avoid

March 18, 2020 By Liz Weston

Millions of Americans earn extra money outside their regular jobs — as ride-hailing drivers, Airbnb hosts, eBay sellers and freelancers of all kinds. Their side hustle income may help make ends meet, but it also can create tax traps.

Side gigs usually count as self-employment, which triggers different rules, additional tax forms and plenty of confusion for people accustomed to filing as employees, tax experts say.

In my latest for the Associated Press, find out how to avoid surprises when it comes to tax time.

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Filed Under: Liz's Blog Tagged With: side gigs, side hustles, Taxes

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