MediumLow Flexibility$100-500 startupHigh Demand
Tax Preparation
Prepare tax returns for individuals and small businesses
Tax Preparation pays $25-$75 per hour. With 10 hours per week, you can earn $1,083-$3,248 per month.
What is Tax Preparation?
Tax preparation is a high-earning seasonal side hustle. From January to April, tax preparers are in massive demand. You need training and certification (like the IRS PTIN in the US) but the earning potential during tax season is excellent.
Tax Preparation Earnings Breakdown
| Hours/Week | Weekly (Low) | Weekly (High) | Monthly (Low) | Monthly (High) |
|---|---|---|---|---|
| 5 hours | $125 | $375 | $541 | $1,624 |
| 10 hours | $250 | $750 | $1,083 | $3,248 |
| 15 hours | $375 | $1,125 | $1,624 | $4,871 |
| 20 hours | $500 | $1,500 | $2,165 | $6,495 |
| 30 hours | $750 | $2,250 | $3,248 | $9,743 |
Skills Needed
Tax law knowledgeAccountingAttention to detailClient communication
Where to Find Tax Preparation Work
Tips for Getting Started
- 1
Get your IRS PTIN (Preparer Tax Identification Number) — it is free
- 2
Start by doing taxes for friends and family to build experience
- 3
Seasonal work from January to April means you can earn a lot in a short time