The quick answer is: no, you don’t need to file taxes for Fiverr. Fiverr is an online platform that allows freelancers to offer their services to businesses or individuals.
When you make a sale on Fiverr, the site will automatically withhold and pay any applicable taxes on your behalf. This means that you don’t need to file taxes for your Fiverr earnings.
However, while you don’t need to file taxes for your Fiverr earnings, you may still need to report your income to the IRS. This is because, even though Fiverr withholds and pays taxes on your behalf, the IRS still considers your Fiverr earnings to be taxable income. As such, you may need to include your Fiverr earnings in your annual tax return.
Of course, whether or not you need to report your Fiverr earnings to the IRS depends on how much money you make from the platform. If you only make a few hundred dollars from Fiverr each year, then it’s unlikely that the IRS will require you to report this income. However, if you make a significant amount of money from Fiverr (or any other source of freelance income), then it’s likely that the IRS will require you to include this income in your annual tax return.
So, while you don’t need to file taxes for your Fiverr earnings, you may still need to report this income to the IRS. If you have any questions about whether or not you need to file taxes for your Fiverr earnings, we recommend speaking with a tax professional.
Do I File Taxes for My Fiverr Earnings?
The bottom line is that while you don’t technically need to file taxes for your Fiverr earnings, there’s a good chance that the IRS will require you to include this income in your annual tax return. So if you make a significant amount of money from Fiverr (or any other source of freelance income), it’s important that you speak with a tax professional about how to properly report this income.
