Kelly Green-Krist's (kgreenkrist) Blog

Do you have a health savings account (HSA)? If so, you have one of the best tax-advantaged accounts. HSAs provide a unique triple tax benefit: Pre-tax contributions are tax-deductible. The money in the HSA is invested and grows tax-free (just like in an IRA). Withdrawals to pay medical bills are ...

Here are some key points about renting personal property, which includes equipment, vehicles, and furniture. The tax treatment differs from real estate rentals, and how you classify the rental activity will affect how you report income, expenses, and potential self-employment tax.Classification o...