How the Tax Code Taxes Your Side Hustle in 2026

Lucas and Luna dive into the tax implications of side hustles in 2026, focusing on the gig economy and how the IRS treats income from platforms like Uber, Airbnb, and Etsy. They break down the new 1099-K reporting threshold, what counts as taxable income, and the often-overlooked deductions that can offset that income. Using real examples, they explain how to navigate estimated tax payments, the home office deduction, and how to distinguish between a hobby and a business. Whether you're a part-time freelancer or just started selling stuff online, this episode gives you the practical knowledge to avoid surprises at tax time. Tune in to understand how the tax code views your side hustle and what you can do to keep more of what you earn. #SideHustleTax #GigEconomy #1099K #TaxDeductions #EstimatedTaxes #HomeOfficeDeduction #FreelancerTax #AirbnbTax #UberTax #EtsyTax #HobbyVsBusiness #TaxPlanning #IRS #TaxSeason #Economics #FexingoBusiness #BusinessPodcast #TaxPolicy Keep every episode free: buymeacoffee.com/fexingo