Lately, I’ve noticed a jump in the number of my firm’s clients asking how they would be taxed if they were to rent out their home on a short-term basis a few times each year through sites such as Airbnb and VRBO. Believe it or not, if you rent your home for 14 days or less in a calendar year, 100% of the rent received is tax-free to you!
- Update For Taxpayers Who Qualified For The $10,200 Exclusion on Unemployment Benefits But Filed Too Early to Get It
- Where’s My Refund?
- Additional Plug-In Vehicles Qualify for Tax Credit of Up To $7,500
- MASS Finally Conforms With Federal Rules For PPP Loans and EIDL Advances
- Still No Update By HHS On The PRF Self-Reporting Requirement