Side Income
Estimated Taxes on a Side Hustle: The Basics
Side hustle income has no employer withholding, so the IRS expects quarterly estimated payments. Here are the deadlines, the safe…
Hobby or Business: How the IRS Draws the Line
The IRS uses a set of factors to decide if your side activity is a business or a hobby, and…
Selling Online: Tracking Cost Basis on What You Sell
When you sell items online, tax is owed only on gain above your cost basis. Here is how basis works…
Renting Out a Room: The 14-Day Tax-Free Rule
Rent your home for fewer than 15 days a year and the IRS says the income is tax free. Here…
The 1099-K Threshold in 2026: When Apps Report Your Sales
The 1099-K threshold is back to $20,000 and 200 transactions in 2026 after last year’s tax law. Here is who…