Do I need to report my earnings if they are less than $600 in a year?

Modified on Sat, 8 Jul, 2023 at 7:18 PM

While the gig marketplace is required to issue a 1099 form if your earnings reach or exceed $600 in a calendar year, it is still your responsibility to report all your income accurately, even if it is below the threshold. It is recommended to keep track of your earnings and consult a tax professional to ensure compliance with IRS regulations.

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