Insights

Taxes | Sharing, Gig, and On-Demand Economy

Are you part of the sharing, Gig, or on-demand economy? Examples are providing rides via mobile app, renting out a spare room using an online platform, or repairing computers for local businesses on demand. Participation in this emerging method of distributing services can be a good way to earn money in your down time, pursue a flexible lifestyle, and provide cash to offset expenses associated with owning a vehicle or home.

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2018 Health Savings Account Limits

The IRS announced inflation-adjusted amounts that individuals and families can contribute to Health Savings Accounts (HSAs) in 2018. The tax agency also announced the minimum required deductibles and out-of-pocket maximums for high-deductible health plans.

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Arizona Proposition 206 | Earned Paid Sick Time

Effective July 1, 2017, Proposition 206 entitles employees to accrue earned paid sick time. Arizona voters approved Proposition 206, the Fair Wages and Healthy Families Act, which established a new state minimum wage and entitled employees to accrue earned paid sick time.

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Reducing Taxes | Vacation Home Use

This article is the sixth of ten tips for reducing taxes during the summer. Federal tax law allows deductible expenses relating to renting out a vacation home to offset rental income.

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