Are you a dedicated Surveys app user who's been diligently accumulating your earnings?
While the app provides a convenient way to earn extra cash, it's important to be aware of tax considerations, especially if you're cashing out significant amounts.
Do I Need to Report My Surveys App Earnings on My Taxes?
If you've cashed out more than $600 within one year through the Surveys app, you will likely need to include these earnings as part of your income when you file your tax return. We are not tax experts and are not giving tax advice so please check tax considerations that apply to you, and it's always a good idea to consult with a tax professional or check with the relevant tax authorities to ensure you're in compliance with current tax laws.
As you know, you decide when and how much you cash out, and you can cash out more or less than $600 per year. This does not show how much you can earn through the app because there’s no limit on earnings. So, feel free to keep participating in surveys and accumulating your earnings.