How to know if your hobby should be a business. Feb. 22, 2014 — -- intro: Hobbies provide a great way to relax from the daily grind. For many people, they also offer a way to make extra spending ...

Hobbies are vital for helping to maintain life balance, yet many of us don’t have them. Nearly 44% of Americans are hobby-less, a low number compared to other parts of the world where more than 90% of ...

Many people have a hobby, but did you know you can make money doing what you love without paying self-employment taxes? That's because hobby income is different from other types of income (like ...

If you’re like millions of Americans, you enjoy hobbies like sports, hiking, antique collecting or quilt making– you name it. Hobbies can also be a source of income and if that’s the case, the IRS ...

Fashioning clay into pottery, painting landscapes on canvas, photography, car restoration – all terrific hobbies. But if such activities are a source of pleasure and revenue, make no mistake about it… ...

This post provided by SavingsAccounts.com. Frugality is an important part of good personal finance habits, especially when that means cutting back on the things you don't care about to spend more on ...

It’s my annual "Taxes from A to Z" series! If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss, you won’t want to miss a single letter. H is for Hobby ...

The Internal Revenue Service has strict rules about what constitutes a business and what is a hobby. A hobby is an activity that is not performed for profit, according to IRS Publication FS-2007-18.

The answer might make a big difference on your taxes. To help cover their costs, some hobbyists find ways to make money doing what they love. They're often successful in finding niches that appeal to ...