Category: Side Income
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Third-party apps send a 1099-K only above $20,000 and 200 payments, but your side income is taxable either way
A household clears out a garage over the summer, lists a couple dozen things on a resale app and collects a few thousand dollars. January comes and no tax form arrives in the mail. The natural conclusion is that the amount was too small for the Internal Revenue Service to bother with, and that the…
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Renting Out a Room: The Tax Rules Nobody Mentions
Rent a room in your home and the IRS has rules for you, including one that makes short rentals tax-free. Here is how the 14-day rule and Schedule E work.
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Side Hustle Taxes: The Quarterly Payment Basics
Earning side income with no taxes withheld? Here’s how IRS quarterly estimated payments, the $1,000 rule, and the safe harbor actually work in 2026.
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When a Hobby Becomes a Business in the Eyes of the IRS
The IRS uses nine factors to decide if your side activity is a business or a hobby. The label decides whether your expenses are deductible at all.
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Selling Online? What the 1099-K Rules Say Now
The 2025 tax law restored the $20,000-and-200-transaction 1099-K threshold. What online sellers get in the mail now, and what they owe either way.
