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Beautifulone1

Survey taking and Taxes

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Beautifulone1

I recently heard that if money is being direct deposited into your account , it has to be counted as income. Taking surveys take a lot of work and time. It isn't like you get paid by the hour, and it can be very tedious. Does anyone know any information? :neutral:

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penangel

It doesn't really have to do with whether or not money is deposited into your account.... all income made on surveys is taxable like any other kind of income.   And that "$600" thing keeps coming up, but that's just the amount where they have to send a W9.... income under that still needs to be reported.

https://www.surveypolice.com/blog/paying-taxes-on-online-survey-income-in-the-usa/

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Njsurveyman

Penangel is correct. However, there is no way IRS would know how much you made from surveys, unless you made more than $600 from one particular company. Yes, legally you are supposed to report all survey income, but the IRS most likely wont go after you or even know about it, unless you made over $600. 

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