This blog series is here to bring you up-to-date tax tips, news, and how to find the best online income tax services.
Income and Investments
Is Your Side-Hustle a Hobby or Business for Taxes?
Have you started your side-hustle or thinking about starting one? If so, it’s time to determine how to turn your side-hustle from hobby to business.
Whether you’re an online influencer, travel blogger, artist or musician, you need to know your status and if the IRS recognizes your hobby as a business. This is important in determining if you need to file taxes.
So, let me explain the difference to you!