Fiverr freelancers receive 1099-NEC forms for earnings over $600, but all income must be reported on your tax return, even amounts under $600.

How to Report Fiverr Income on Taxes?

Best Answer

Alex Torres, Former rideshare driver turned tax educator

Best for people who have a regular job and freelance on Fiverr as additional income

How do I report Fiverr income on my tax return?

You report all Fiverr income on Schedule C (Profit or Loss from Business), regardless of whether you receive a 1099-NEC form. Fiverr sends 1099-NEC forms to freelancers who earn $600 or more during the tax year, but the IRS requires you to report all income, even if it's $50 or $5,000.

Fiverr income is considered self-employment income, which means you'll pay both income tax (based on your tax bracket) and self-employment tax (15.3% for Social Security and Medicare).

Example: Reporting $2,000 in Fiverr income

Let's say you earned $2,000 on Fiverr in 2026 while working your regular W-2 job:

Schedule C reporting:

Gross receipts: $2,000

Business expenses: $200 (computer equipment, internet, training courses)

Net profit: $1,800

Tax impact:

Self-employment tax: $1,800 × 15.3% = $275

Self-employment tax deduction: $275 × 50% = $138 (reduces your income tax)

Additional income tax: Depends on your total income and tax bracket

What expenses can I deduct?

As a Fiverr freelancer, you can deduct legitimate business expenses on Schedule C:

Equipment: Computer, software, graphics tablet, microphone

Internet and phone: Business portion of monthly bills

Training: Online courses, certifications, books

Marketing: Website costs, business cards, advertising

Home office: If you use part of your home exclusively for work

Key factors that affect your taxes

Your total income: Fiverr income gets taxed at your marginal tax rate

Business expenses: Every dollar of expenses reduces your taxable profit

Quarterly payments: If you owe $1,000+ in taxes, you may need to make quarterly estimated payments

State taxes: Most states also tax self-employment income

What you should do

1. Track everything: Keep records of all Fiverr payments and business expenses

2. Save for taxes: Set aside 25-30% of your net Fiverr income for taxes

3. Consider quarterly payments: Use our quarterly estimator if your side hustle is growing

4. Maximize deductions: Review all possible business expenses with our deduction finder

Remember: Fiverr reports your gross earnings to the IRS, but you only pay tax on your net profit after business expenses.

Key takeaway: Report all Fiverr income on Schedule C, expect to pay 15.3% self-employment tax plus income tax, and track business expenses to reduce your taxable profit.

*Sources: [IRS Publication 334](https://www.irs.gov/pub/irs-pdf/p334.pdf), [Schedule C Instructions](https://www.irs.gov/pub/irs-pdf/i1040sc.pdf)*

Key Takeaway: Report all Fiverr income on Schedule C and expect to pay 15.3% self-employment tax plus income tax on your net profit after expenses.

Calculate quarterly taxes →

Fiverr Earnings	Net Profit (after $200 expenses)	Self-Employment Tax	Income Tax (22% bracket)	Total Additional Tax
$1,000	$800	$123	$176	$299
$2,500	$2,300	$354	$506	$860
$5,000	$4,800	$739	$1,056	$1,795
$10,000	$9,800	$1,509	$2,156	$3,665

Fiverr Earnings

Net Profit (after $200 expenses)

Self-Employment Tax

Income Tax (22% bracket)

Total Additional Tax

$1,000

$800

$123

$176

$299

$2,500

$2,300

$354

$506

$860

$5,000

$4,800

$739

$1,056

$1,795

$10,000

$9,800

$1,509

$2,156

$3,665

More Perspectives

JOE

James Okafor, EA, EA

Perfect for people who just started freelancing on Fiverr and are confused about tax requirements

Don't panic - Fiverr taxes are manageable

I know tax season feels overwhelming when you're new to freelancing, but reporting Fiverr income is straightforward once you understand the basics. The key thing to remember: you're now a business owner, even if it's just a side hustle.

The 1099-NEC form explained

Fiverr will send you a 1099-NEC form by January 31st if you earned $600 or more in 2026. This form shows your gross earnings - the total amount Fiverr paid you before their fees. But here's what trips up new freelancers: you might receive multiple 1099s if you work on different platforms.

Important: Even if you only earned $300 on Fiverr and don't receive a 1099-NEC, you still must report this income to the IRS.

Simple steps for first-time filers

1. Gather your records: Fiverr earnings, any 1099-NEC forms, receipts for business expenses

2. Fill out Schedule C: Report gross income and subtract business expenses

3. Calculate self-employment tax: 15.3% on your net profit

4. Add to your regular tax return: The profit flows to your Form 1040

Common first-year mistakes to avoid

Not saving for taxes: Unlike W-2 jobs, no taxes are withheld from Fiverr payments

Missing deductions: Home internet, equipment, training courses can all reduce your tax bill

Forgetting quarterly payments: If you owe $1,000+ total, you may need to pay quarterly

Not tracking expenses: Every business expense receipt matters for tax time

What this means for your refund

If you normally get a tax refund from your W-2 job, adding Fiverr income will likely reduce that refund or mean you owe taxes. Plan accordingly by setting aside 25-30% of your Fiverr earnings throughout the year.

Key takeaway: Start tracking everything now - income and expenses - and save 25-30% of your Fiverr earnings for tax time.

Key Takeaway: Start tracking everything now and save 25-30% of your Fiverr earnings for taxes, even if you don't receive a 1099-NEC form.

How do I report income from freelancing on Fiverr?