Hobby income differs from other types of income (like self-employment income and income from your side hustle), and the IRS taxes each type differently. Determining whether your revenue stream ...

Don't get stuck questioning how to organize your income or put your cash to best use. Here’s what you need to understand to make the most of your bonus money or other lump-sum payments.

Taxable income includes salary or wages from a job and other income sources such as bonuses and tips, unemployment or disability benefits, and even lottery winnings. The Internal Revenue Service ...