How to know if your hobby should be a business. Feb. 22, 2014 — -- intro: Hobbies provide a great way to relax from the daily grind. For many people, they also offer a way to make extra spending ...

Many people have a hobby, but did you know you can make money doing what you love without paying self-employment taxes? That's because hobby income is different from other types of income (like ...

Hobbies are vital for helping to maintain life balance, yet many of us don’t have them. Nearly 44% of Americans are hobby-less, a low number compared to other parts of the world where more than 90% of ...

If you’re like millions of Americans, you enjoy hobbies like sports, hiking, antique collecting or quilt making– you name it. Hobbies can also be a source of income and if that’s the case, the IRS ...

This post provided by SavingsAccounts.com. Frugality is an important part of good personal finance habits, especially when that means cutting back on the things you don't care about to spend more on ...

Fashioning clay into pottery, painting landscapes on canvas, photography, car restoration – all terrific hobbies. But if such activities are a source of pleasure and revenue, make no mistake about it… ...

The Internal Revenue Service has strict rules about what constitutes a business and what is a hobby. A hobby is an activity that is not performed for profit, according to IRS Publication FS-2007-18.