At one time, having a “side job” meant a little extra cash to help with the family income without much consideration to reporting these at tax time. These days, having a side job is known as “side hustling”, and it is quickly becoming a popular first step towards entrepreneurship.
A side hustle can include anything from house-cleaning to chauffeuring to freelance writing to hoteling. It can include ventures such as AirBnB, Uber and TaskRabbit, to name a few. If you’re in this category of business, or have any sort of business or hobby on the side, you should be declaring them at tax time.
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