06/16/2026
Selling handmade goods at the farmers market this summer? Doing a little photography on the side? Getting paid for something you love? The IRS draws a real line between a hobby and a business, and it matters more than people think.
Businesses can deduct 100% of legitimate costs against income, whereas hobby expenses are generally non-deductible under current tax laws. That's a big difference come tax time.
Not sure which category you fall into? That's exactly the kind of question we love answering. Give us a call at (828) 570-5760.
It’s important to make sure you classify your income properly because it has implications on how that income is reported and how much tax you may owe.