Gig Economy Taxes: Rideshare, Delivery, and Freelancing

If you earn income from “gig” work—like driving for a rideshare app, delivering food, or freelance consulting—you are considered self-employed. You must report this income if your net earnings are $400 or more . How to Report Income Deducting Business Expenses You can lower your tax bill by deducting “ordinary and necessary” business costs . […]