Late Hit: Provision Affecting Millions Of Gig Economy Workers Added to COVID-Relief Bill
*Congressional Democrats slipped a last-minute tax provision into the pandemic relief bill that may complicate how millions of gig economy workers report their incomes. The measure, the final version of which is expected to pass this week, would not increase the tax rate for such workers, and experts describe it as a sensible move to simplify rules. However, they also acknowledge tighter accounting of revenue from third-party, app-based vendors, such as Uber, Airbnb and DoorDash, could force some to pay more taxes by having to document additional income. The addition is intended to offset som...
Source: eurweb.com
