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80+ Ways to Make Extra Money Real-Life Side Hustle Stories

How To Keep Your Side Hustle From Messing Up Your Taxes

Keep in mind — you are not going to start off as a freelance writer making six figures per year. But, if you work hard you definitely can make $1,000 – $2,000 per month as a freelance writer.

  • The official electronic filing webpage is Free File on IRS.gov is available to qualifying taxpayers until midnight, Eastern Time, on Oct. 17.
  • You also get to set the rules for your guests such as min/max number of nights and how far in advance they can book.
  • It takes a long time to de-louse someone’s head, and plenty of frazzled parents are willing to call in the calvary if their munchkins have a lice infestation.
  • Read my Moomoo referral bonus guide for more information.
  • But you are NOT going to make a lot of money right now starting a blog.
  • If your favorite eatery is now seating diners indoors, still take precautions, aka mask on until that meal arrives, please!

And with over 30 million small businesses in the U.S. alone, there is huge opportunity for people to create a lot of revenue creating Facebook ads for small businesses. Keep in mind, making money from affiliate marketing takes time. Yes, you can make a lot of money from affiliate marketing, but in the beginning I would estimate only a few hundred dollars per month. If you’re looking for a simple way to get started building a quick website, I created a free step-by-step guide to help you get started.

How much money can you make on a side job without paying taxes?

Families in Puerto Rico who haven’t filed to claim the enhanced 2021 tax year Child Tax Credit should do so, preferably by using the tax break’s special online simplified filing tool. The Internal Revenue Service is still trying to deliver 2021 tax year Child Tax Credit money, this time focusing on families in Puerto How To Keep Your Side Hustle From Messing Up Your Taxes Rico. The tax break amount was increased last tax year to a potential maximum of $3,600 for each child ages 5 and younger, and up to $3,000 for youngsters ages 6 through 17. And the second thing is though, make sure you are prepared because you’re going to owe self employment taxes on any income over $400.

Also you can search through trusted bloggers’ websites that have lists of services they have tried personally. Also remember that your business plan isn’t set in stone.

Earn $20 to $50 Per Hour as a Rent-a-Friend

As a home stager you can tailor your business to meet a variety of client needs. Creating relationships with local realtors is one way to help you find home staging clients. To create your pricing, find a local staging business and ask them for their rates. I would start lower than than what they currently offer to create business and then once you’re established, raise your rates. People are busy and don’t have time to clean their homes. Search your area in Craigslist to get an idea for pricing your own services. Then market your services to friends, family and ask for referrals.

With these amounts in mind, start saving toward a 3 to 6 month buffer. It’s a good idea anyway to have an emergency or savings buffer, even if you’re not leaving a full-time job anytime soon. Another tip here is to remember that your city and state charge their own taxes and fees. If you have an LLC, this fee can run you a pretty penny depending on what state you live in. For California, the LLC fee is $800 regardless if you make money or not. You want to look up how much your state charges and create a calendar reminder of your due date because they charge high late fees too. You may look at your side hustle as a way to help you accomplish a goal like paying off debt.


If there are setbacks or it feels like it’s taking a long time to build, remember your “why,” your motivation for starting your side hustle. The sacrifices you have to make and the long hours you have to put in will all be worth it when you focus on the reason you set out on this adventure. Like we’ve discussed, your side hustle may be necessary, or it may be to fulfill a passion. Regardless of the reason, it is critical to maintain a healthy work life balance.

  • I’m a face painter on the side and I make an average of $75/hour depending on if I work for myself or for a company.
  • Always take your needs into account first before you make any big financial decisions.
  • Working on your side hustle may mean waking up extra early or staying up late, missing time with family and friends, or skipping the latest Netflix series that everyone else is binging.
  • For Dummies has combined its six books on running a small business for Canadians into one invaluable volume.
  • It’s a good idea anyway to have an emergency or savings buffer, even if you’re not leaving a full-time job anytime soon.

This hustlin’ couple went into the business of selling handkerchiefs for happy-weepy brides after trying to find one for their own wedding. Turns out they https://turbo-tax.org/ weren’t the only people searching for wedding hankies. It’s a classic example of making money by providing a product that everyone else has overlooked.

Self-Employment Tax

Gasoline prices at a suburban Austin, Texas, gas station just before the Memorial Day weekend. Shortly before the Memorial Day holiday, gasoline prices surpassed $4 per gallon in every U.S. state for the first time. Transportation experts predict gas soon will exceed $5 per gallon nationally.

How To Keep Your Side Hustle From Messing Up Your Taxes

You might be able to find jobs by looking on Craigslist, OfferUp, or Facebook Marketplace. You should also seek out local public school or homeschooling groups to connect with parents who have school-aged children. Sites like Backstage list available voiceover jobs, and Carrie Olsen, professional voiceover artist, has a great web site that can help you learn how to become a voiceover artist. Make money on Zazzle as a designer by selling your artwork on different products or you can actually make and manufacture the products for sale. I have a friend who takes old dry wood and paints slogans on them.

I recommend checking out Marketforce, Best Mark, and Intelli-101 before you head anywhere else. You can sign up for free at Rentafriend to be someone else friend both part-time and full-time with pay between $20/hr – $50/hr.

Food delivery from restaurants is my favorite pick right now for side hustle ideas. Since the start of COVID, food delivery is up by over 70% compared to the same time last year.