It’s great to see that you’re earning money with Airtasker, well done! Like with any income, it’s important to be aware of any financial and tax obligations that may apply to your Airtasker earnings.
Each year, you probably earn money from a number of sources, of which Airtasker might be one. Others might include income from employment, income from other businesses you run and investment income from things like bank interest, share dividends or rental income from property.
All of this income may be taxable, per your local tax authority’s regulations. We recommend contacting a tax professional or your local regulator in order to get advice on what applies to your situation.
It’s a good idea to keep a record of all the tasks you do on Airtasker, including the amount you earn from those tasks, and any related costs you incur. Keeping detailed records as you go is the easiest way to keep on top of everything, should you need to make any report regarding your income for tax purposes.
Depending on your location, earnings and personal circumstances, your tax obligations may be different. It’s important to be diligent and research what applies specifically to you, using an authorised source.
If you are required to make any report on your Airtasker income for tax purposes, it’s important that you accurately disclose everything.
Disclaimer: Airtasker is not authorised to give taxation advice. Contact a tax professional for advice on your own individual tax obligations.