2020 was a tough year for many people who found themselves supplementing their income to survive financially. It is very important to not forget that this gig economy income must be reported on your tax return.
Many of these types of jobs helped people to connect with customers providing goods or services, such as renting out a home, or a room in their home, or providing a delivery service.
Please click here to learn more about this income and how it should be reported on your 2020 tax return.
Source: Internal Revenue Service