What counts as passive income?
Passive income includes money earned with minimal active involvement, such as dividends from investments, rental property income, interest from savings, and gains from cryptocurrency trading.
by 100X Solutions
Dividends • Rent • Crypto • Interest • Side gigs
Passive income includes money earned with minimal active involvement, such as dividends from investments, rental property income, interest from savings, and gains from cryptocurrency trading.
Many people forget to account for taxes on side income, leading to unexpected bills during tax season. Different income types have different tax treatments and rates.
Forgetting to report all income sources, misclassifying income types, not accounting for estimated quarterly payments, and overlooking local tax obligations.
This tool provides rough, educational estimates only. It does not replace professional tax advice or official filings. All calculations are done client-side. No personal data is stored or transmitted. Always consult a qualified tax professional for accurate advice.