- February 26, 2018
- Posted by: Harrine Freeman
- Category: Finance & accounting
There are hundreds of cash only jobs, however you have to find the one the suits your needs and your schedule. If you have computer skills or a trade it is easier to find a job. Find out what your strengths are, what things you like to do or are good at doing. Ask family and friends for their thoughts on what are you are skilled at doing.
No matter what the economy you should always have multiple streams of income. If you work a full-time job you should have at least 1 part-time job or 1 additional source of income. Extra income also helps to pay down debt, plan for retirement and provide cash for unexpected emergencies or events.
Cash only jobs are also great if you are unemployed or underemployed. Cash only jobs can also help to achieve your short and long-term financial goals such as planning for retirement, home repairs or paying for college.
If you are having trouble finding a cash only job your best asset is being creative. Creativity is what has fueled some of the best ideas in the economy and can help you earn cash.
The key to working cash only jobs is to keep track of your earnings and report them to the IRS even though you don’t receive a W-2 or other IRS form. The IRS states that all taxpayers even if you are unemployed must report all income from any source and state unless it is exempt under the U.S. tax code. Remember to report cash income on your IRS Form 1040 Schedule C. When getting paid in cash you will have to pay withholding taxes and payroll taxes as well as FICA. Check with an accountant or CPA to get more information on how to report your cash only earnings. Here are 15 cash only jobs you can get hired for.
- Car detailing
- Carpet cleaning
- Computer repair
- Dog walker
- House painter
- Lawn care
- Personal assistant
- Mystery shopper
- Online surveys