Tax Warrior Chronicles

Renting a room? That Income is Taxable. However...

Posted on Fri, Oct 11, 2019

Suppose you are someone who lives near a college town or resort area and have extra rooms to spare in your home. You think to yourself, why not rent out one of the rooms since you aren’t using the space and make some extra money? Well, you could. But, since you are receiving rental income now, taxing authorities also want their share.

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‘Airbnb Tax’ in NJ Hits Shore Renters Hard

Posted on Tue, Jun 25, 2019

By: Ashley Menders

 

It’s finally summertime, and do you know what that means? It’s time for a little “Gym, Tan, Laundry” as the crew from MTV’s Jersey Shore always said. Let’s soak up the sun, play some carnival games, and walk the boardwalks. But, before you book the perfect apartment or home down the Jersey Shore, you might want to know about a new tax on short-term rentals this year…and it’s a big one!

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