Tax traps that side hustlers should avoid

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.

Related Posts

  • Wednesday’s need-to-know money news Today's top story: 6 things your side gig will probably do to your taxes. Also in the news: How banking apps can motivate you to save, […]
  • Thursday’s need-to-know money news Today's top story: 7 tactics to help car-buying newbies bargain like a boss. Also in the news: 5 ways to save energy during the dog days […]
  • Friday’s need-to-know money news Today's top story: The IRS' new tax-filing deadline is July 15th. Also in the news: Tax traps that side hustlers should avoid, what not to […]
  • Tuesday’s need-to-know money news Today's top story: The one form that could be the root of all your tax woes. Also in the news: Income-driven student loan repayments, 4 […]

Speak Your Mind

*