I’m still a teenager and make $8,000 a month with my side hustle – it only cost me $12 to get started... - The US Sun

Category: Side Hustler News
Original source: The US Sun
Read time: < 3 minutes
Sentiment bias: Positive
Sentiment Score: 0.98415
Published: Oct 3rd, 2022
I’m still a teenager and make $8,000 a month with my side hustle – it only cost me $12 to get started... - The US Sun

Quick Read

TikTok user financeunfolded said he found that window washing can be a great side gig, especially for young people with limited work options.
Under the posts, side hustlers will want to create ads for "residential window washing.
"Just look up on google the industry rate for window washing, it's $8-$15.
Window washing rates vary from market to market, as well as based on the size and given the cleanliness of the house.
The tax implications of a side hustle Whether you work a side hustle in addition to a full-time job or juggle multiple part-time gigs, your earnings are taxable.
2 A teen with a finance TikTok channel has shared his $400-a-day side hustle that allegedly only costs $12 to start Credit: TikTok 2 While anybody can do it alone, Mark recommends getting friends in on the deal Credit: TikTok Mark, who runs the account, said all you need to start washing windows is a glass cleaning formula and a long-handled scrubber.
A Form 1040 is required for those with multiple sources of income, as you have to list all your income on a single form.

I’m still a teenager and make $8,000 a month with my side hustle – it only cost me $12 to get started... - The US Sun

A TEENAGER has revealed how he makes $8,000 a month thanks to an easy side hustle. TikTok user financeunfolded said he found that window washing can be a great side gig, especially for young people with limited work options. 2 A teen with a finance TikTok channel has shared his $400-a-day side hustle that allegedly only costs $12 to start Credit: TikTok 2 While anybody can do it alone, Mark recommends getting friends in on the deal Credit: TikTok Mark, who runs the account, said all you need to start washing windows is a glass cleaning formula and a long-handled scrubber. He said he spent around $12 to get his window-washing enterprise off the ground. Mark added that having friends makes this gig easier and probably more fun. Once you have the necessary supplies, you'll need to find people who'll let you wash their windows. Clients can be found through online marketplaces such as Craigslist, he said. Even Facebook groups asking for home labor can be an avenue to find more customers. Under the posts, side hustlers will want to create ads for "residential window washing." Mark recommended charging $20 per window washed, and aid the average house he saw had about 10 windows. Washing windows for just two houses per day resulted in a $400 payday each time. One TikTok user pointed out that pursuing the hustle would be considerably more difficult alone than with others. "Step one: Have friends," they wrote. Another took issue with the amount being charged per window, saying "$10 per window is too much, maybe 3.50" Still, Mark defended his financial decision to charge what he did for the service. "Just look up on google the industry rate for window washing, it's $8-$15." "I just charged somewhere in the middle," he said. Window washing rates vary from market to market, as well as based on the size and given the cleanliness of the house. The tax implications of a side hustle Whether you work a side hustle in addition to a full-time job or juggle multiple part-time gigs, your earnings are taxable. Not only that, but you need to report your earnings from a side hustle or freelance job differently than you report standard income. A Form 1040 is required for those with multiple sources of income, as you have to list all your income on a single form. In addition, you'll need to file a Schedule C and a Form SE to report your self-employment taxes. If you have multiple streams of income, speaking to a tax professional can help you sort out what forms you need to submit and how to properly fill them out. The additional income may also move your household into a different tax bracket, which will impact how much you have to pay the IRS. Working a side hustle does allow you to claim more exemptions on your taxes, however, as you can report your expenses for potential tax deductions. You'll need to have proof of the money you spent on your side hustle though, so make sure to keep any relevant receipts for tax season. The Sun compiled a list of the best 10 money-making side hustles for 2022. Another side hustler revealed how she earns $300 per day from the comfort of her home.
The Original Article can be found on The US Sun

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