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Being a gig worker comes with tax consequences

Being a gig worker comes with tax consequences

by justin@creatovision.com | Jun 9, 2023 | Uncategorized

In recent years, many workers have become engaged in the “gig” economy. You may think of gig workers as those who deliver take-out restaurant meals, walk dogs and drive for ride-hailing services. But so-called gig work seems to be expanding. Today, some nurses have...
Reduce the impact of the 3.8% net investment income tax

Reduce the impact of the 3.8% net investment income tax

by justin@creatovision.com | Jun 6, 2023 | Uncategorized

High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net investment income tax (NIIT) that’s imposed in addition to regular income tax. Fortunately, there are some ways you may be able to reduce its impact. Affected...
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Recent Posts

  • Working teens can maximize the power of tax‑deferred — or tax-free — compounding with an IRA
  • Watch out for the growing reach of the additional 3.8% tax on investment income
  • Remote work can complicate your state taxes
  • Tax planning for real estate investors
  • Year-end tax planning ideas for contractors

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