Are Gifts Taxable Income?

Are Gifts Taxable Income?

For various reasons, at different seasons, it sometimes makes sense to make monetary gifts to family members or other individuals. Although gifts to individuals are not generally deductible to the giver, neither are they taxable income to the recipient. As long as the...
Health Savings Accounts (HSA)

Health Savings Accounts (HSA)

Should I take the HSA health insurance option? When used properly, 9 times out of 10 the answer is a resounding YES! Here is a readable article from Kiplinger on 5 HSA Benefits. Of particular interest for some is Benefit #5 – Closing the Retirement Gap. For...
Independent Delivery Drivers

Independent Delivery Drivers

It doesn’t matter if you’re delivering food (i.e. DoorDash.com, UberEats.com), people (i.e. Uber.com, Lyft.com) or whatever else you can think of (Postmates.com), your income tax situation will likely be very similar. You will generally pay both income tax and...