I made about $1,000 total from research studies (from different companies) in 2022. Payments are usually checks or digital visa gift cards. Do I need to report how much I made for this coming tax season?
I made about $1,000 total from research studies (from different companies) in 2022. Payments are usually checks or digital visa gift cards. Do I need to report how much I made for this coming tax season?
I would.
Years ago, I didn’t report a $600 research study payment. 2 years later, I got a letter from the IRS that I owed $1,200 in tax, penalties and interest!
Unless there is a T4 issued there is no way the government will know about it, so no need to report it.
Yes you must report all income on your tax return if you file one
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