Pro tip: if you are actually making side income like this and reporting it to the IRS then in many situations you can deduct the costs of the things you needed to buy in the course of generating that income.
This does not work on W2 income, though, as much as it would be nice to deduct the costs of driving to an office etc
Pro tip: if you are actually making side income like this and reporting it to the IRS then in many situations you can deduct the costs of the things you needed to buy in the course of generating that income.
This does not work on W2 income, though, as much as it would be nice to deduct the costs of driving to an office etc
That only matters when the value of those deductions exceeds the standard deduction though, isn't that right?
Yes, that's how I always understood it