09/17/2026
💰 THURSDAY TAX TALK: DON’T LET A SIDE HUSTLE TURN INTO A TAX SURPRISE! 👀
Good afternoon, everybody! Let’s talk about something that doesn’t get discussed enough.
You work your regular 9–5, but you’re also making extra money doing hair, driving for DoorDash, selling products, cleaning houses, or running your own business.
👏🏽 That’s multiple streams of income! But here’s what you need to understand…
Just because taxes weren’t taken out doesn’t mean that money is tax-free!
📌 Here are 5 things you should know:
✅ Side hustle income generally must be reported, even if you don’t receive a 1099.
✅ If your net earnings from self-employment are $400 or more, you generally have to file Schedule SE and calculate self-employment tax.
✅ Keep track of your income AND legitimate business expenses.
✅ You may need to make quarterly estimated tax payments.
✅ Don’t wait until January to figure out how much you made throughout the year.
💡 HERE’S THE BIGGEST TAKEAWAY:
Making extra money is great. Knowing how to manage it, document it, and prepare for the tax responsibilities that come with it is even better!
You don’t want to work hard all year just to be caught off guard when tax season arrives.
🗣️ LET’S TALK IN THE COMMENTS!
Are you currently working a side hustle, thinking about starting one, or already running your own business?
Drop a 💰 below!
ScoreLift Consulting LLC
📞 517-299-8316
🌐 www.scorelift.biz
Tax education only. Individual filing requirements and tax situations vary.
Personalized credit, tax and business consulting designed to help you understand your options and take clear next steps.