Side Hustle & Gig Income
“What taxes do I owe on side hustle income I got paid through Venmo?”
Side hustle income paid through Venmo is often treated like other self-employment income, but the tax picture can depend on what kind of work it was, whether it was for goods or services, and how the payments were reported on your records or tax forms. In many cases, the key factors include your total net profit after expenses, whether you also owe self-employment tax, and whether any state income tax rules apply. The way Venmo transactions were labeled, and whether they were personal transfers or business payments, can also affect how the income is reported. A short conversation with a CPA can sort out what applies to your specific numbers.
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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