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…
Tag: tax deductions
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,…
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…
Top Tax Deductions for Parents with Side Hustles in 2025
Parents juggling side hustles in 2025 can reduce their tax burden with key deductions. From home office expenses and vehicle…
What Are the Best Apps to Track Family Expenses with a Side Gig?
Discover the top apps for tracking family expenses and side gig income in the USA. This article reviews user-friendly tools…
Top Budgeting Tips for Parents Launching Side Hustles
“Parents juggling side hustles need smart budgeting to thrive. This article shares practical tips: track income and expenses, set clear…