If you are using Survey Junkie to make some extra cash, you may be wondering if you need to report your earnings to the IRS. The short answer is yes, you do need to report your earnings from Survey Junkie on your tax return.
Taxable Income
According to The Penny Hoarder, whatever you earn through survey sites, including Survey Junkie, counts toward your gross income come tax time. The IRS files all the money you receive into tons of different categories, and it taxes most of them, including salary or wages, tips, and freelance income. If you earn over $600 in a calendar year, you will receive a 1099 form from Survey Junkie. I’ve written a detailed blow post on online surveys and tax responsibilities here.
Reporting Your Income
Survey Junkie does not withhold taxes from your earnings, so it is up to you to report your income and pay taxes on it. You can report your earnings from Survey Junkie on your tax return as self-employment income. If you earn less than $400 from Survey Junkie, you do not need to file a tax return. However, if you earn more than $400, you will need to file a tax return and pay self-employment taxes.
Survey Junkie
Turn your idle moments into cash right from the comfort of your couch! With Survey Junkie, you can earn your share of over $40,000 every day by simply sharing your opinions.
Get Started Today Here!Conclusion
Survey Junkie does not report your earnings to the IRS, but it is your responsibility to report your income and pay taxes on it. If you earn over $600 in a calendar year, you will receive a 1099 form from Survey Junkie. Make sure to keep track of your earnings and report them accurately on your tax return.Sources:
- Savoteur
- PokerEagles.com
- [TurboTax Support – Intuit]4
- [Work From Home Reviews]5
- [Survey Junkie]6
