How to Prepare Taxes for a Parent’s Handmade Craft Business
Navigating tax preparation for a parent’s handmade craft business involves treating it as a sole proprietorship, tracking income from sales…
Tag: self-employment tax
What Are Tax Errors to Avoid for Parents with Side Gigs?
Parents juggling side gigs often overlook self-employment taxes, leading to hefty penalties, while missing deductions for childcare and home offices…
How to Optimize Tax Deductions for a Parent’s Side Hustle
Balancing family life and extra income doesn’t mean sacrificing tax savings—learn how parents can maximize deductions like home office setups,…
How to Log Expenses for a Parent’s Side Hustle Tax Filing
Parents juggling family duties and side hustles can maximize tax savings by meticulously logging expenses like home office setups, childcare-related…
Can Parents Deduct Camera Costs for Content Creation Gigs?
Parents of young content creators can potentially deduct camera expenses if the child’s gigs qualify as a business under IRS…
How to File Taxes for a Parent’s Side Hustle on Shopify
Filing taxes for a parent’s Shopify side hustle involves reporting self-employment income on Schedule C, deducting business expenses like platform…
What Parents Need to Know About IRS Rules for Side Hustles in 2025
Parents juggling side hustles in 2025 face unique IRS rules. This article outlines key tax obligations, including Form 1099-K thresholds,…
What Are Tax Benefits for Parents Selling Crafts Online in 2025?
“Parents selling crafts online in 2025 can leverage tax benefits like the Child Tax Credit, dependent care deductions, and business…
How to Prepare Taxes for a Stay-at-Home Mom’s Online Store
“Stay-at-home moms running online stores can navigate tax season with ease by understanding key credits, deductions, and filing requirements. This…
How to Maximize Tax Savings for a Parent’s Side Hustle
“For parents juggling a side hustle, tax season can be daunting. This article outlines key strategies to maximize tax savings,…