How Will a Second Job Affect My Taxes?

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How Will a Second Job Affect My Taxes?

Taking on a second job or side gig can affect your tax bracket, reduce eligibility for tax credits, and result in a large tax bill next tax season.

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Editors' Picks

Retail Sales Surged in January by the Most in Almost Two Years (CNN)

Tesla to Open U.S. Charging Network to Rivals in $7.5 bln Federal Program (Reuters)

Homebuilder Sentiment in February Improved by the Biggest Amount in a Decade (CNBC)

Worker Burnout Is Even Worse Than at the Peak of the Pandemic (Bloomberg)

Booming Oil Exports Boost U.S. Role as Global Price Maker (Wall Street Journal)

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Cryptocurrency, for federal tax purposes, is considered similar to property. You owe capital gains taxes to the IRS if you sell cryptocurrency that has increased value.

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The 50/30/20 Rule of Thumb for Budgeting

The 50/30/20 rule is an easy way to allocate your money among wants, needs, and savings. Learn how it works, where it comes from, and how to apply it to your finances.

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What To Do If Your Parents Didn't Save for Retirement

If your parents only have Social Security income, it may be difficult to budget for retirement. Learn how to help your parents financially prepare to retire.

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