It’s easy to overlook smaller amounts of income when it’s time to prepare your tax return. Taxpayers must generally include all income, not just the amount they find on an employer-generated W-2 form. For example, did you make goods and sell them on an online marketplace or at a crafts fair? Did you provide and charge for services via mobile apps? Do you have any seasonal work income? What about savings account interest, dividends and investment gains? Gambling winnings are also taxable. And, of course, self-employment income is too. Make sure you provide records to your tax preparer even for seemingly insignificant amounts. Contact us with questions.© 2024