Side hustles have become a necessity for many Americans, and there are several ways a second job can impact your taxes.

More than 8.6 million people in the U.S. held multiple jobs in January, roughly 5.3% of the workforce, according to the Bureau of Labor Statistics. Whether you moonlight as an Uber driver or tutor on the side, the IRS requires you to report and pay taxes on that income.

Here’s what to know about filing your federal tax return if you work multiple jobs,

More From KXAN

Share via
Copy link
Powered by Social Snap