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Saving Advice
Saving Advice
Lifestyle
Teri Monroe

7 Tax Reporting Changes Hitting Seniors Who Do Gig Work in January

senior gig worker
Image Source: Shutterstock

Gig work has become an important source of supplemental income for retirees. Driving for rideshare companies, freelancing online, or selling crafts provides flexibility and helps cover rising living costs. But tax reporting rules are evolving, and January 2026 brings updates that directly affect seniors. Understanding these changes is critical to avoid penalties and ensure compliance.

Restored Threshold for 1099-K Forms

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