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GOBankingRates

Emily Fowler

Side Hustle or Second Job? How Extra Income Could Backfire on Your Taxes If You’re Not Careful

IRS Medicare Social Security

mediaphotos / Getty Images

Working a side gig might be a financial necessity for some people, a passion project for others. Whatever the reason for working more than one job, it’s important to understand the impact the extra income can have on taxes.

Learn More: 5 Ways You Can Reduce Your Tax Bill Like a Millionaire, According to Robert Kiyosaki

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One subscription that gives you access to news from hundreds of sites

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Mom Of The Teen Behind The Oregon Elementary School Tragedy Breaks Silence, As First Photos Of Him Are Revealed

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