I'm a freelancer who primarily uses cash basis accounting, receiving most payments 30 days after completing assignments. For example, if I complete work on December 15, 2024, but don’t receive payment until January 15, 2025, should I report this income on my 2024 or 2025 tax return? Does the date of payment impact when I need to declare the income, even if the work was done in the previous tax year?
