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Re: Tax for tutoring

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Newbie

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Hi, I earn some money tutoring high school students. I am not employed by any business and I get paid in cash. Does this count as assessable income?

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Taxicorn

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Yes it does and needs to be declared at item 14 'Personal Service Income'.

 

You will also be able to claim deductions against this income.

 

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Best answer

Taxicorn

Replies 2

Yes it does and needs to be declared at item 14 'Personal Service Income'.

 

You will also be able to claim deductions against this income.

 

Newbie

Replies 1

Thank you for your reply! I just came across information on job vs hobby classification and I’m still not sure if it counts as a business because it is very small scale. If I list the money earned as income, are there any penalties for potentially filing incorrectly?
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Community Support

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Hi @0123,


Welcome to ATO Community and thanks for your post! We can provide you with general information in this forum. It’s important to understand the differences between a hobby and a business for tax and other purposes.  We have a video that may help you determine if you are in business yet.


As an alternative, you can also submit a request for advice through our early engagement team.

 

I hope this helps, @JodieM

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