How Side Hustle Deductions Work Under the New IRS Rules

If you've got a side gig — freelance writing, reselling vintage furniture, dog walking, driving for a rideshare — the IRS changed the rules in late 2025 for how you deduct expenses. Lucas walks through two real scenarios: a graphic designer earning $14,000 in 2026 and a reseller who buys pallets of returned goods. The key number is $1,000 — the new de minimis safe harbor threshold for supplies. Luna pushes back on whether the simplified method still makes sense. They also cover the home office deduction for a side business that uses 12% of your apartment, the new rule on inventory accounting for casual resellers, and why the 1099-K reporting threshold matters this tax season. No fluff, just the form schedules you'll actually need. #SideHustleTaxes #1099K #ScheduleC #DeMinimisRule #HomeOfficeDeduction #IRS2026 #FreelanceTaxes #SelfEmploymentTax #BusinessExpenses #InventoryAccounting #TaxDeductions #GigEconomy #TaxPlanning #Finance #SmallBusiness #FexingoBusiness #BusinessPodcast #TaxStrategy Keep every episode free: buymeacoffee.com/fexingo