06/09/2026
https://www.irs.gov/newsroom/is-that-activity-just-a-hobby-or-a-business
Tax Tip 2026-45, June 2, 2026 — Many people have hobbies - things they enjoy doing in their spare time - and some even make a little extra money from them. However, there’s a difference between a hobby and a business, especially how each is treated when it comes to filing taxes.