Can Parents Deduct Training Costs for Side Hustles?
Parents juggling side hustles and family life may wonder if training costs for skill-building are tax-deductible. This article explores IRS…
Tag: Schedule C
How to File Taxes for Your Parent’s Fiverr Side Hustle
“Navigating taxes for a parent’s Fiverr side hustle can be tricky. This article breaks down the essentials: understanding self-employment tax…
What Is a Schedule C Form for Stay-at-Home Parents’ Gigs?
“Stay-at-home parents with side gigs must file a Schedule C form to report self-employment income and expenses. This IRS form…
How to File Taxes for a Stay-at-Home Mom’s Etsy Shop
“As a stay-at-home mom running an Etsy shop, you must report all income, even without a 1099-K, and pay self-employment…
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,…
What Is the Self-Employment Tax Rate for Parent Freelancers?
The self-employment tax rate for parent freelancers in the USA is 15.3%, covering Social Security (12.4%) and Medicare (2.9%). For…