Is Jake’s income as a yoga instructor considered miscellaneous income?

Jake's income as a yoga instructor would not be classified as miscellaneous income if he is receiving a W-2. Income reported on a W-2 indicates traditional employment, where an employer withholds taxes on behalf of the employee, and such income falls under the category of wages or salary rather than miscellaneous income.

Miscellaneous income typically includes earnings from self-employment or freelance work, where individuals report their income on a 1099 form, often because they are independent contractors rather than employees of a company. This distinction is important, as the tax implications and reporting requirements differ between W-2 employment and freelance work.

In the context of this question, the other answers suggest scenarios that do not apply when the income is reported as W-2. For instance, freelancers commonly report on a 1099, and earning above a certain limit does not determine how the income is categorized; it relates to tax implications. Thus, the situation described fits the classification of income as wages rather than miscellaneous.