Search
  • naatservices

Gig Economy Tax Center

What is the Gig Economy?

The gig economy—also called sharing economy or access economy—is activity where people earn income providing on-demand work, services or goods. Often, it’s through a digital platform like an app or website.


Gig Economy Income is Taxable

You must report income earned from the gig economy on a tax return, even if the income is:

  • From part-time, temporary or side work

  • Not reported on an information return form—like a Form 1099-K, 1099-MISC, W-2 or other income statement

  • Paid in any form, including cash, property, goods, or virtual currency

What is Gig Work?

Gig work is certain activity you do to earn income, often through an app or website (digital platform), like:

  • Drive a car for booked rides or deliveries

  • Rent out property or part of it

  • Run errands or complete tasks

  • Sell goods online

  • Rent equipment

  • Provide creative or professional services

  • Provide other temporary, on-demand or freelance work

Note: This list does not include all types of gig work.

What are Digital Platforms?


Digital platforms are businesses that match workers' services or goods with customers via apps or websites. This includes businesses that provide access to:

  • Ridesharing services

  • Delivery services

  • Crafts and handmade item marketplaces

  • On-demand labor and repair services

  • Property and space rentals

Note: This list does not include all types of digital platforms.

source: irs.gov

0 views0 comments

Recent Posts

See All

Home office deduction rules

During Small Business Week, September 22-24, the Internal Revenue Service wants individuals to consider taking the home office deduction if they qualify. The benefit may allow taxpayers working from h

Taxable unemployment compensation

Millions of Americans received unemployment compensation in 2020, many of them for the first time. This compensation is taxable and must be included as gross income on their tax return. Taxpayers can

Choose direct deposit

Choose direct deposit The safest, most accurate and fastest way to get a refund is to electronically file and choose direct deposit. Direct deposit means any tax refund is electronically deposited for