# @Intuit QuickBooks on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=jPbMFQo84pM
- **Gondola URL:** https://gondola.cc/posts/68467255-Intuit-QuickBooks-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/5ebc0f05f4.jpg
- **Posted:** 2026-07-23T15:59:54.000+00:00
- **Account Owner:** Intuit QuickBooks (@quickbooks) — https://gondola.cc/quickbooks

## Caption

The IRS decides whether your side hustle counts as a business or a hobby, and that decision can significantly change your tax bill. This video breaks down how the IRS tells the two apart and why the distinction affects what you owe:

• Businesses can deduct expenses like home office, equipment, software, and mileage
• Hobbies can only deduct the cost of goods sold under the One Big Beautiful Bill Act
• Earning $30,000 and spending $25,000 means very different tax outcomes depending on your status
• The IRS uses nine factors, including recordkeeping and profit history, to decide

Learn more: https://intuit.me/4pnakCu 

Subscribe to our YouTube channel: http://intuit.me/3bOj0M2
Visit QuickBooks.com: http://intuit.me/QBO

#QuickBooks

## Stats

- **Views:** 690
- **Likes:** 12
- **Shares:** 0
- **Comments:** 0

## Tags

quickbooks

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