How Much Money Can You Make on PayPal Without Paying Taxes?
Just don't forget: PayPal ain't your accountant. Anything over $600 needs reporting.
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So, if you're in the US, you generally have to report any income over $600 in a year from freelance work, side gigs, or any other self-employment to the IRS. Whether paid through PayPal or in cash, Uncle Sam wants his share!
Tax-free income on PayPal is mythical鈥攕tay honest, people!
I use PayPal for my side hustle, and my accountant said to track every cent, especially if I'm making over $600 annually. Better safe than sorry, right?
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