Deduction Guide
Side Hustle Deductions
Common deductions by gig type
Deductions by Side Hustle Type
| Side Hustle | Common Deductions |
|---|---|
| Rideshare (Uber/Lyft) | Mileage, phone |
| Delivery (DoorDash) | Mileage, bags |
| Freelance/Consulting | Equipment, software |
| E-commerce/Reselling | Inventory, shipping |
| Content Creation | Equipment, editing |
Key Tax Rules
$400 Threshold
Must file if SE income exceeds $400
Even if no taxes owed
Quarterly Payments
Pay if you owe $1,000+
Due Apr 15, Jun 15, Sep 15, Jan 15