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What is the Gig Economy?
The gig economy—also called sharing economy or access economy—is an activity where people earn income providing on-demand work, services, or goods. Often, it’s through a digital platform like an app or website.
Gig Economy Income is Taxable
You must report income earned from the gig economy on a tax return, even if the income is:
From part-time, temporary, or side work
Not reported on an information return form—like Form 1099-K, 1099-MISC, W-2, or another income statement.
Paid in any form, including cash, property, goods, or virtual currency
What is Gig Work?
Gig work is an activity you do to earn income, often through an app or website (digital platform), like:
Drive a car for booked rides or deliveries
Rent out property or part of it
Run errands or complete tasks
Sell goods online
Rent equipment
Provide creative or professional services
Provide other temporary, on-demand, or freelance work
Note: This list does not include all types of gig work.
What are Digital Platforms?
Digital platforms are businesses that match workers' services or goods with customers via apps or websites. This includes businesses that provide access to:
Ridesharing services
Delivery services
Crafts and handmade item marketplaces
On-demand labor and repair services
Property and space rentals
Note: This list does not include all types of digital platforms.
What to Do
Here's how to manage taxes for gig work as an independent contractor (self-employed):
Use the tab to go to the next focusable element * Keep Records * Pay Estimated Tax * Get Ready to File * File Your Tax Return
Estimated Tax Due Dates Pay quarterly estimated tax by the due dates to avoid a penalty:
April 15
June 15
September 15
January 15
Note: If the due date falls on a Saturday, Sunday, or legal holiday, payment is due the next business day. Make a Payment
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