You are required to report all income on your return. The income is considered self employment income. As self-employed, it's likely you need to fill out an IRS Schedule C to report your income and expenses.
You can deduct eligible business expenses to pay fewer taxes. These expenses must be common for your type of business and also necessary for your operations.
For more information, check:
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"