‘Declare it!’: Tax office targets side hustles as nearly 900,000 earn a second income

The cost-of-living crisis has seen a rise in side hustles, now the ATO has its sights on untaxed income. Photo: TND

The Australian Tax Office (ATO) is warning Australians earning second incomes through things like the share economy and social media to report all their income at tax time.

ATO Commissioner Tim Loh says almost 900,000 Australians now earn second incomes, with many seeking to improve their finances due to the rising cost of living.