Deposits received from gig work or freelance income are considered gross receipts from self‐employment and should be reported as income on your tax return. Typically, these amounts are included on Schedule C for sole proprietors or the equivalent form for other business entities. You must report all income received—even if it is deposited via electronic platforms—in order to comply with IRS reporting requirements. Accurate recordkeeping, including receipts and bank statements, is essential. Consult current IRS guidance or a tax professional to ensure that you are properly classifying and reporting all sources of income.