A funny thing happens to people when they enter retirement. Even if they’ve saved well for that stage of life and have plenty of money to go around, many retirees worry about depleting their nest eggs ...

Retirement is often imagined as the season of life when you finally have time for the things you always wanted to do: fishing, gardening, quilting, photography. The reality is that hobbies require ...

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 ...

A hobby can become a side hustle, but monetizing it may turn private joy into another obligation. Here’s how to know what to protect.

Whether it's as a hobby, a side hustle or even a full-time business, selling on online marketplaces such as Depop, Poshmark and Etsy is all the rage. Of course, all income earned is income that must ...

It’s my annual "Taxes from A to Z" series! If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss, you won’t want to miss a single letter. H is for Hobby ...

Hobbies provide a greatway to relax from the daily grind. For many, they offer a way to make extra spending money. But be aware that when your hobby produces income, you owe tax on it. You can reduce ...

Operating a business on the side can give you valuable tax deductions as well as extra income. However, the Internal Revenue Service (IRS) decides if the business is actually a hobby or not. If the ...

Operating a business on the side can give you valuable tax deductions as well as extra income. However, the Internal Revenue Service (IRS) decides if the business is actually a hobby or not. If the ...

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.