{"id":17275,"date":"2025-06-16T16:26:12","date_gmt":"2025-06-16T21:26:12","guid":{"rendered":"https:\/\/www.sfw.cpa\/news-and-guides\/?p=17275"},"modified":"2025-06-16T11:26:10","modified_gmt":"2025-06-16T16:26:10","slug":"how-working-in-the-gig-economy-affects-your-taxes","status":"publish","type":"post","link":"https:\/\/www.sfw.cpa\/news-and-guides\/how-working-in-the-gig-economy-affects-your-taxes\/","title":{"rendered":"How working in the gig economy affects your taxes"},"content":{"rendered":"<p><html><br \/>\n<head><br \/>\n<\/head><br \/>\n<body><br \/>\nGig work offers flexibility, autonomy and a way to earn income, but it comes with tax obligations that may catch you off guard. Whether you drive for a rideshare service, deliver food, sell products online or offer pet walking services, it\u2019s crucial to understand the tax implications to stay compliant and avoid costly surprises. Generally, if you receive income from a gig, it\u2019s taxable. That\u2019s true even if you don\u2019t receive a 1099-NEC reporting the money you made. You may need to make quarterly estimated tax payments (the next is due June 16) because the income isn\u2019t subject to withholding. Business expenses may be deductible, subject to the normal tax rules. Contact us to learn more.<br \/>\n<\/body><br \/>\n<\/html><\/p>\n<p><a href=\"https:\/\/www.sfw.cpa\/news-and-guides\/wp-content\/uploads\/2025\/06\/file-3.jpg\"  title=\"05_20_25_2417511867_itb_560x292.jpg\" ><img decoding=\"async\" src=\"https:\/\/www.sfw.cpa\/news-and-guides\/wp-content\/uploads\/2025\/06\/file-3.jpg\" alt=\"05_20_25_2417511867_itb_560x292.jpg\" title=\"05_20_25_2417511867_itb_560x292.jpg\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gig work offers flexibility, autonomy and a way to earn income, but it comes with tax obligations that may catch you off guard. Whether you drive for a rideshare service, deliver food, sell products online or offer pet walking services, it\u2019s crucial to understand the tax implications to stay compliant and avoid costly surprises. Generally, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,6,10],"tags":[8,11,12],"class_list":["post-17275","post","type-post","status-publish","format-standard","hentry","category-articles","category-individual-tax","category-news","tag-articles","tag-news","tag-updates"],"_links":{"self":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts\/17275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/comments?post=17275"}],"version-history":[{"count":1,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts\/17275\/revisions"}],"predecessor-version":[{"id":17276,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/posts\/17275\/revisions\/17276"}],"wp:attachment":[{"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/media?parent=17275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/categories?post=17275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sfw.cpa\/news-and-guides\/wp-json\/wp\/v2\/tags?post=17275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}