Earn over $400 from side gigs? You may need to file self-employment taxes.

Side Gig Tax Fact 101: Made Over $400? You May Owe Self-Employment Tax

Side hustles are booming — but here’s what many gig workers don’t know: If you earned just $400 or more from freelance work, gig apps, or cash side jobs, the IRS says you must file a tax return and pay self-employment tax.

Many people think a small gig won’t trigger taxes — but even a few hundred dollars can mean you owe Social Security and Medicare tax in addition to regular income tax.

✅ Made extra money on the side? Let’s make sure you file right!

📲 Who Has to File Self-Employment Taxes?

You generally owe self-employment tax if you:
✔️ Made $400 or more from a side hustle, gig app, or freelancing
✔️ Got paid in cash or Venmo for odd jobs
✔️ Worked as an independent contractor (1099)
✔️ Have business income but no employer withholding taxes for you

Unlike a W-2 paycheck, no one withholds taxes for you — so you’re responsible for paying them.

⚠️ What Happens If You Don’t File?

Skipping self-employment taxes can lead to:
❌ IRS penalties and interest
❌ A surprise tax bill you weren’t ready for
❌ Problems qualifying for Social Security later (since self-employment tax pays into it!)

👉 Not sure what you owe? Book your free side gig tax checkup here!

📊 Can You Reduce Your Side Gig Tax Bill?

Good news — you may be able to deduct expenses to lower your tax bill:
✔️ Mileage for work travel
✔️ Supplies or tools for your gig
✔️ A portion of your phone or internet if used for business
✔️ Home office deduction (if you qualify)

✅ Ask us how to track your deductions and save more!

✅ We Make Side Gig Taxes Easy

At Acceptance Tax & Accounting, we help freelancers, gig workers, and side hustlers:
✔️ File self-employment taxes correctly
✔️ Claim all eligible deductions
✔️ Avoid IRS penalties
✔️ Plan for estimated taxes if you’re earning regularly

📞 Click here to book your Side Gig Tax Filing today!

Don’t let taxes ruin your side hustle profit — file smart and keep more of what you earned!