nDash.com is a content creation platform that provides brands and agencies with access to the world's top freelance writers.

Idea from Beth Casey

Title

How to Easily Track Income and Expenses From Your Side Hustle

Summary

Roughly 23 million Americans performed gig work during 2020 and that number more than doubled to 59 million Americans in 2021. Like other income, you must report your side hustle income at tax time, but you can also offset some of your business-related expenses, too.

Author

Beth Casey

Keywords

  • Side Hustle
  • Links

  • https://www.zippia.com/advice/gig-economy-statistics/#:~:text=According%20to%20our%20extensive%20research
  • http://36%25%20of%20the%20U.S.%20workforce.
  • https://www.forbes.com/sites/forbesmoneyteam/2021/10/11/a-tax-guide-for-gig-workers/?sh=401c04ae75a4
  • https://www.irs.gov/payments/general-faqs-on-new-payment-card-reporting-requirements
  • https://www.nbcnews.com/news/venmo-paypal-zelle-must-report-600-transactions-irs-rcna11260
  • https://www.irs.gov/publications/p535
  • https://www.investopedia.com/articles/tax/09/self-employed-tax-deductions.asp
  • https://www.askmoney.com/budgeting/use-income-expense-worksheet