Schedule 1 reports additional income not included on Form 1040. Form 1040 was simplified in 2018, eliminating many reporting lines. Line 8 of 2024 Schedule 1 serves as catchall for other income types
Schedule 1 is required for reporting additional income and adjustments. Includes income from rental properties, prizes, and student loan interest. Can be completed independently or with tax preparer
Set and stick to a budget to make smart spending decisions. Automate finances to transfer fixed amounts monthly. Compare prices when shopping and negotiate lower rates. Refinance mortgage or pay bi-weekly to reduce interest
Ancillary revenue comes from goods or services other than primary product offerings. Examples include sporting event concessions, airline baggage fees, and hotel restaurant revenue. Ancillary revenue may exceed primary revenues, affecting business models
Postmates and Uber Eats offer food delivery services with up to $25/hour pay. Survey platforms like Swagbucks and Survey Junkie provide quick cash. Lyft offers rideshare driving with $1,000 bonus after 125 rides. Website testing pays around $10 per test