One side hustle as an extra source of income might be easy to manage, but adding a second or even third can make everything more complicated. Trying to juggle everything from the day-to-day grind to tax planning can soon feel overwhelming.
“The complexity increases quickly as income sources multiply,” said Veronica Karas, CFP, principal at CAPTRUST. “The key difference isn’t just reporting requirements — it’s the level of planning needed to manage tax obligations efficiently.”
