Side Hustle & Gig Income

“Do I need to pay taxes on money I made from my side hustle on Venmo?”

Money earned through a side hustle on Venmo is often treated like other business income, but the tax picture typically depends on what the payments were for, whether the activity was a hobby or an ongoing business, and how the transactions were recorded. Personal transfers, reimbursements, and payments for goods or services can be handled differently, and platform reporting may also affect how the income appears on tax forms. Factors like expenses tied to the work, payment descriptions, and whether the activity was regular or occasional often shape the reporting approach. A CPA who reads your specifics can usually tell you, in plain English, where this lands.

This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.