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What Is Excessive Hobby Income

If you’re like many Americans, you enjoy hobbies or activities outside of work that help you relax and recharge. Maybe you like to golf, fish, or garden in your free time. While there’s nothing wrong with enjoying these activities, you need...

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What Is Hobby Tax

What Is Hobby Tax? A hobby tax is a type of tax that is levied on income that is generated from hobbies. In most cases, hobby tax is imposed at the federal level, although some states also have their own versions...

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What Is A Hobby Or A Business

A hobby, according to the Merriam-Webster dictionary, is “an activity or interest that is pursued outside one’s regular occupation and is engaged in primarily for pleasure.” A business, on the other hand, is “an occupation, profession, or trade.” So, what is...

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When You Sell Your Hobby

When you sell your hobby, you’re essentially selling a piece of your identity. For many people, their hobbies are an important and cherished part of their lives. So what happens when you’re forced to part with your hobby? There are a...

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