Use Your Talents to Earn Extra Income
Track Your Earnings
The IRS requires that we claim our earnings from freelance work, so keep any checks or cash that you receive in a separate folder to refer to during tax season. Additionally, save all receipts for purchases made to support your side gig (a computer, a camera, stationery, baking utensils, or even gas to put in your car for side-gig related travel), because they may help reduce your total taxable income when it comes time to pay Uncle Sam.
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