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The IRS is clear about when you have to pay taxes on your side gig: Once you make $400

Source: businessinsider.com - Jan 9, 2020

The gig economy is integral to millions of Americans' livelihood, and the IRS is itching to take its share.

On Thursday, the government agency launched the Gig Economy Tax Center on its website, an informational hub for part-time, temporary, and contract workers seeking guidance on whether they have to pay taxes on their income. If you earned more than $400 from side jobs in 2019, the answer is yes.

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Category: General Business