taxes

Setting Money Aside for Taxes While Working Side-Hustles

Jordan RothmanEarning Extra Money, Repayment Strategies
Setting Money Aside for Taxes

This website has already discussed how student debt borrowers need to pay a significant amount of money in taxes if they work side-hustles to pay off student loans. Indeed, workers typically must pay even more taxes on side-hustle income than on cash they earn from their main job, due to the self-employment tax and other issues. However, if you keep some things in mind, setting money aside for taxes can be easier, and tax season… Continue Reading Setting Money Aside for Taxes While Working Side-Hustles

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How to Maximize the Tax Benefits of Paying Off Student Loans

Jordan RothmanRepayment Strategies, Student Loan Repayment Guide
Tax Benefits

This website has already discussed some of the tax implications of working side-hustles to pay off student loans. Of course, it is inevitable that the “tax man” will take much of the cash you make from part-time gigs, even though you devote this money to student debt. However, there are a few tax benefits to paying off student loans. It is important to keep these tax considerations in mind while paying off student debt, since… Continue Reading How to Maximize the Tax Benefits of Paying Off Student Loans

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Dealing with Tax Issues from Working Side-Hustles to Pay Off Student Loans

Jordan RothmanEarning Extra Money, Student Loan Repayment Guide
calculator tax side-hustles

It feels absolutely great to work side-hustles. Receiving money from multiple income streams is empowering, and watching your bank account balance increase from side-hustles can be extremely gratifying. One could easily reason that all of the money earned from side-hustles can be used to pay down student debt, especially since most side-hustles do not withhold any money for the “tax man.” However, sooner or later tax authorities will get a good share of all the… Continue Reading Dealing with Tax Issues from Working Side-Hustles to Pay Off Student Loans

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