Side Hustle & Gig Income
“I received side hustle payments on Venmo, do I have to claim that on my taxes?”
Venmo side hustle payments can be relevant for tax reporting, but the answer often depends on what the payments were for, whether they were for goods or services, and how the activity was handled in your records. In many cases, business or gig income is treated differently from personal transfers, even when the same payment app is used. The reporting picture can also change based on whether there were fees, refunds, or multiple sources of income tied to the same account. Keeping clear records of the transaction descriptions and related expenses often matters when sorting out the tax treatment. Working through the specifics with a CPA is the cleanest way to land on the right move.
In your 30-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“As a freelancer in Alabama with a side hustle, what do I actually owe?”
“As a freelancer in Alaska with a side hustle, what do I actually owe?”
“As a freelancer in Arizona with a side hustle, what do I actually owe?”
“As a freelancer in Arkansas with a side hustle, what do I actually owe?”
“What can I deduct from my Fiverr side hustle, and what do I owe in taxes?”
“What tax deductions apply to my Fiverr side hustle, and how much do I owe?”
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.
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