Can Parents Deduct Equipment Costs for Side Hustle Work?
Parents with side hustles can often deduct equipment costs as business expenses, reducing taxable income. Eligible deductions include tools, computers,…
Author: MJ K
How to Maximize Tax Deductions for Your Stay-at-Home Mom Side Hustle
“For stay-at-home moms running a side hustle, maximizing tax deductions can significantly boost your income. This article explores key strategies,…
How to File Quarterly Taxes as a Parent with a Side Hustle
“As a parent juggling a side hustle, managing quarterly taxes can feel daunting. This article guides you through the process,…
What Is a 1099 Form for Stay-at-Home Parents with Gigs?
A 1099 form reports non-employment income for stay-at-home parents earning from gigs like babysitting or freelancing. This article explains the…
Can Parents Deduct Childcare Costs for Side Hustle Work?
“Parents juggling side hustles may qualify for the Child and Dependent Care Credit to offset childcare costs, reducing tax bills…
How to Track Tax-Deductible Expenses for a Parent’s Side Gig
Tracking tax-deductible expenses for a parent’s side gig involves maintaining detailed records of income and expenses, using dedicated tools like…
IRS Rules for Parents with Side Hustles in 2025
The IRS requires parents with side hustles to report all income, including earnings over $400, and pay self-employment taxes in…
How to Avoid Tax Penalties as a Stay-at-Home Parent Freelancer
“As a stay-at-home parent freelancing in the USA, avoiding tax penalties requires proactive financial management. Key strategies include making quarterly…
Tax Tips for Parents Running a Side Hustle from Home
Parents running a side hustle from home can save on taxes by understanding key deductions like home office expenses, mileage,…
How to Use Tax Software for a Parent’s Side Hustle Income
Mastering tax software for a parent’s side hustle income simplifies reporting and maximizes deductions. Learn to track earnings, categorize expenses,…