Quick answer: Yes, OnlyFans income is taxable, reported the same way any other 1099 income is — and the platform’s 20% cut comes off before you calculate what you owe, not after. How the money and the paperwork actually flow OnlyFans pays creators 80% of what subscribers and tippers pay; the platform keeps 20%. If … Read more
Quick answer: eBay is required to send you a 1099-K if your sales cross the federal threshold for the year — and that threshold has changed dramatically over the last few years. For 2026, it’s back to $20,000 and 200 transactions, not the $600 figure that was scheduled to take effect before Congress reversed it. … Read more
Quick answer: Your DoorDash 1099-NEC shows gross pay, not taxable income. Mileage, your phone bill, hot bags, and a handful of other real costs come off before the IRS calculates what you owe — and for most Dashers, mileage is by far the biggest one. Mileage — the big one For 2026, the IRS standard … Read more
Quick answer: No — DoorDash doesn’t send Dashers a W-2, because Dashers aren’t employees. If you earned $2,000 or more delivering in 2026, DoorDash sends you a 1099-NEC instead, and that one-letter difference changes everything about how you owe tax. What DoorDash actually sends you A W-2 means an employer withheld income tax, Social Security, … Read more
Quick answer: Starting with your 2025 tax return (filed in 2026), tipped workers — including many gig economy workers — can deduct up to $25,000 of tip income from their federal taxable income. The break runs through the 2028 tax year. It does not eliminate Social Security or Medicare tax on tips, and it phases … Read more
