{"id":10949,"date":"2025-02-28T20:02:32","date_gmt":"2025-02-28T20:02:32","guid":{"rendered":"https:\/\/finderica.com\/?p=10949"},"modified":"2025-02-28T20:02:32","modified_gmt":"2025-02-28T20:02:32","slug":"earnings-from-survey-sites-are-taxable-income","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=10949","title":{"rendered":"Earnings from Survey Sites are Taxable Income"},"content":{"rendered":"\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"lazyload clicker_number\" style=\"position: absolute; height: 1px; width: 100%\" alt=\"ScoreCard Research\" data-count=\"104.245.38.58,104.245.38.58, 172.68.138.189\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"><\/p>\n<p>Paid survey sites can be a simple way to earn a little extra cash in your free time.<\/p>\n<p>And although surveys aren\u2019t our favorite way to make extra money, they can be a convenient side hustle to take on while you\u2019re doing other things\u2014 like waiting on-hold with your bank or in line at the grocery store. Why not turn those empty moments into extra cash by clicking a few buttons?<\/p>\n<p>While many survey sites simply aren\u2019t worth the hype, <a href=\"https:\/\/t.thepennyhoarder.com\/aff_c?offer_id=3423&amp;aff_id=2\" rel=\"nofollow noopener\" target=\"_blank\">InboxDollars<\/a> is one of the rare legitimate paid survey companies out there.<\/p>\n<p>Sites like these typically pay in points instead of direct cash, but you can use those points to purchase gift cards with actual cash value. Should you prefer cash over the cards, you can aso turn around and  sell any gift cards you earn.<\/p>\n<p>Which leads us to a common question\u2026\n<\/p>\n<h2><b>Do Paid Surveys Count Toward Taxable Income?<\/b><\/h2>\n<p>Whatever you earn through survey sites \u2014 or any other  apps you use to earn money \u2014 counts toward your gross income come tax time.<\/p>\n<div class=\"thepe-top-of-post\" id=\"thepe-84541878\">\n<div class=\"adBorder\" id=\"thepe-1983500150\">\n<h3>7 Ways to Make Money if You Hate People<\/h3>\n<p>Do you avoid people too? In the past, there was almost no way around working with people if you wanted to earn a living, but things have changed.<\/p>\n<p>Our team has compiled a <a href=\"https:\/\/partners.thepennyhoarder.com\/people-prt\/?aff_id=384\" target=\"_blank\" rel=\"noopener\">list of creative ways<\/a> you can fatten your bank account this month, without having to put up with people.<\/p>\n<p>Enough small talk. <a href=\"https:\/\/partners.thepennyhoarder.com\/people-prt\/?aff_id=384\" target=\"_blank\" rel=\"noopener\">Here are some ways<\/a> to earn extra cash, without all of the social stuff.<\/p>\n<\/div>\n<\/div>\n<p>A reader wrote to ask us about this:<\/p>\n<p>\u201cIs there any way to make money or (earn) gift cards that isn\u2019t going to have to be filed on our taxes as income?\u201d<\/p>\n<p><b>Short answer: <\/b>Not really.<\/p>\n<p><b>Longer answer:\u00a0<\/b>Taxes are complicated, but let\u2019s quickly break it down.<\/p>\n<p>The IRS files all the money you receive into tons of different categories. It taxes most of them, including those you probably expect:<\/p>\n<ul>\n<li aria-level=\"1\">Salary or wages<\/li>\n<li aria-level=\"1\">Tips<\/li>\n<li aria-level=\"1\">Freelance income (where your app income probably fits in).<\/li>\n<\/ul>\n<p>Here\u2019s why: Yes, technically you\u2019re receiving the income as a \u201cgift card,\u201d but it isn\u2019t a gift, <i>per se.<\/i><\/p>\n<p>To the IRS, cash equivalent items look just like income, so you count them as part of your wages (unless it\u2019s something small, <a href=\"https:\/\/www.irs.gov\/government-entities\/federal-state-local-governments\/de-minimis-fringe-benefits\" target=\"_blank\" rel=\"noopener\">like donuts from your boss<\/a>).<\/p>\n<div class=\"call-out-box\" data-post-id=\"72888\">\n\t\t\t\t\t\t<span class=\"call-out-box-description\">If you are worried about making mistakes when filing, we recommend using tax software like <a href=\"http:\/\/t.thepennyhoarder.com\/aff_c?offer_id=3267&amp;aff_id=2\" target=\"_blank\" rel=\"noopener\">TurboTax<\/a>, <a href=\"http:\/\/t.thepennyhoarder.com\/aff_c?offer_id=4878&amp;aff_id=2\" target=\"_blank\" rel=\"noopener\">H&amp;R Block<\/a> or <a href=\"http:\/\/t.thepennyhoarder.com\/aff_c?offer_id=7096&amp;aff_id=2\" target=\"_blank\" rel=\"noopener\">TaxAct<\/a>.<br \/>\n<\/span><\/div>\n<h2><b>More Things That Count Come Tax Time<\/b><\/h2>\n<p>Because we know you like finding  creative ways to make money, here are some taxable items you might not expect:<\/p>\n<ul>\n<li aria-level=\"1\"><b>Bartering:<\/b> If you fix your neighbor\u2019s chimney in exchange for their son mowing your lawn, the IRS wants to know the value of those lawn-mowing services.<\/li>\n<li aria-level=\"1\"><b>Gambling winnings: <\/b>You have to report any money or prizes you win gambling. But you <i>can<\/i> deduct your losses. That\u2019s one stroke of good luck!<\/li>\n<li aria-level=\"1\"><b>Hobby income: <\/b>Do you  make money from a blog or selling antiques? You have to report that. But you can also deduct expenses, like hosting or travel, up to the amount of your hobby income.<\/li>\n<li aria-level=\"1\"><b>Illegal activity: <\/b>Did you earn money selling drugs or a stolen car this year? (Please don\u2019t answer that.) The IRS wants to know about it. So do your local police.<\/li>\n<li aria-level=\"1\"><b>Canceled debts: <\/b>Pay attention to this one. If you negotiate with a creditor about  credit card debt or a hospital to reduce a medical bill, you\u2019ll have to report it as income. Basically, there are some exceptions like insolvency or bankruptcy, but most of the time it counts.<\/li>\n<li aria-level=\"1\"><b>Alimony: <\/b>Depending on the year of your divorce, this counts as income in the eyes of the IRS. (Child support is different. Keep reading.)<\/li>\n<\/ul>\n<h2><b>What You Don\u2019t Have to Count as Income for Tax Purposes<\/b><\/h2>\n<p>Back to that reader question \u2026 here are a few things you <i>don\u2019t<\/i> have to report as taxable income:<\/p>\n<ul>\n<li aria-level=\"1\"><b>Olympic medals and prizes: <\/b>Headed to the Olympics or Paralympics sometime soon? Thanks to a 2016 law under former President Obama, you won\u2019t pay taxes on the spoils if you win.<\/li>\n<li aria-level=\"1\"><b>Child support: <\/b>No taxes on child support you receive! The payer foots the tax bill on that money.<\/li>\n<li aria-level=\"1\"><b>Carpool money: <\/b>If you drive in a carpool, any money you get from passengers is considered reimbursement for your expenses, not income. If you drive with a service like Uber or Lyft, however, you\u2019ll pay taxes on that income as an independent contractor.<\/li>\n<\/ul>\n<p>There are a few more untaxables, but they get pretty particular.<\/p>\n<p>Bottom line: You\u2019ll pay taxes on pretty much any money you bring in \u2014 including the stuff you get from survey sites and other apps.<\/p>\n<p>If you want to keep your taxable income low, make sure you claim as many deductions as possible.<\/p>\n<p><i>Contributor Dana Miranda is a Certified Educator in Personal Finance\u00ae who has written about work and money for publications including Forbes, The New York Times, CNBC, Insider, NextAdvisor and Inc. Magazine. Contributors Larissa Runkle and Whitney Hansen added additional reporting.<\/i><\/p>\n<div class=\"thepe-bottom-of-post\" id=\"thepe-777497033\">\n<div class=\"adBorder\" id=\"thepe-2108688296\">\n<h3>5 Companies That Send People Money When They\u2019re Asked Nicely<\/h3>\n<p>When you log into your bank account, how do your savings look? Probably not as good as you\u2019d like. It always seems like an uphill battle to build (and keep) a decent amount in savings.<\/p>\n<p>But what if your car breaks down, or you have a sudden medical bill?<\/p>\n<p><a href=\"https:\/\/partners.thepennyhoarder.com\/nice-companies-prt\/?aff_id=384\" target=\"_blank\" rel=\"noopener\">Ask one of these companies to help\u2026<\/a><\/p>\n<\/div>\n<\/div>\n<p>        <!-- ACF Financial Disclaimer --><\/p>\n<p class=\"single-financial-disclaimer\"><i>This article contains general information and explains options you may have, but it is not intended to be investment advice or a personal recommendation. We can&#8217;t personalize articles for our readers, so your situation may vary from the one discussed here. 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And although surveys aren\u2019t our favorite way to make extra money, they can be a convenient side hustle to take on while you\u2019re doing other things\u2014 like waiting on-hold with your bank or in line at the<\/p>\n","protected":false},"author":1,"featured_media":10950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[188],"tags":[1095,331,4472,171,1570],"class_list":{"0":"post-10949","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-taxes","8":"tag-earnings","9":"tag-income","10":"tag-sites","11":"tag-survey","12":"tag-taxable"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/10949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10949"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/10949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/10950"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}