What if I also earn incidental income on the side?

You may be employed and also earn incidental income on the side. If so, your incidental net income is subject to tax. It might be in the form of fees for consulting or professional services, honorariums from speaking engagements, royalties from publications, small construction jobs, rental property, or other earned income. If you are a small business, this will typically show up as a Schedule C on your Federal return.

Show All Answers

1. Do I have to file a return?
2. Do I have to file a return if I work in Trenton but live elsewhere?
3. What income is taxed by the City?
4. What income is non-taxable?
5. What expenses are deductible from earned income on the return?
6. What if I also earn incidental income on the side?
7. What if I earn incidental income from more than one unincorporated business?
8. How are net operating losses from side businesses treated?