What is the Gig Economy?

The gig economy has become increasingly popular among Americans over the last ten years. From ride sharing to food delivery gigs, online platforms allow workers to earn extra income from side jobs like tutoring, fitness training, repairs, and caretaking.Gig Economy Tax Center

Gig Economy Income is Taxable?

If you earn income from the gig economy, you must report it on your tax return, even if it is:

Part-time, temporary, or side jobs
Not reported on an information return form—like Form 1099-K, 1099-MISC, W-2, or another income statement.
Paid in any form, including cash, property, goods, or virtual currency. Get Your Taxes Done.

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