The April 15 tax deadline is also the due date for estimated tax payments for self-employment income, investments, and more. To avoid penalties, you need to pay 90% of your expected 2024 taxes or 100% of your 2023 taxes if your income was under $150,000. You can pay through the IRS website, EFTPS, or by mail, but keep a record of your payment.
Looking to boost your income and delve into your interests? You're not alone! A whopping 39% of Americans have side hustles, averaging $800 monthly. These gigs often tap into hobbies and passions, letting you develop new skills while earning extra cash. Millennials and Gen Z lead the charge, with over half actively hustling.
But before diving in, consider these essentials: choose something you enjoy, manage your time wisely (don't let it clash with your main job!), and check your employment contract for any restrictions. Ready to explore? From pet sitting and dog walking to VRBO rentals and car sharing, there's a side hustle waiting for you! Remember, report earnings above $400 to the IRS, and consider consulting an accountant to navigate taxes and maximize deductions. (129 words)
