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KXLY April 13, 2021 7:31 AM Annie Millerbernd Posted: Updated: Getty Images One major perk of homeownership is the ability to remodel your home. You can gut the kitchen and add an island or turn your backyard into an outdoor oasis. Deciding how to pay for home renovations is a core part of the process. Some homeowners turn to savings, while others choose to finance the project, often using home equity or a personal loan. Most financial planners say the best financing option depends on your financial situation, including your income, credit and how much equity you have. Here are some...

3 things to know if you’re new to gig work Updated Feb 09, 2021; Posted Feb 09, 2021 A delivery person leaves a Domino's Pizza restaurant in downtown Seattle on a bike, Sunday, March 15, 2020. (Ted S. Warren)AP Facebook Share Shutdowns, layoffs and salary cuts brought on by the coronavirus pandemic have left millions of Americans searching for new sources of income. Those who’ve recently turned to gig work may be weeks away from a financial surprise in the form of unexpected tax bills and insurance coverage fine print. “These are the two key items that most new business owners overl...

NerdWallet Shutdowns, layoffs and salary cuts brought on by the coronavirus pandemic have left millions of Americans searching for new sources of income. Those who’ve turned to gig work may be weeks away from a financial surprise in the form of unexpected tax bills and insurance coverage fine print. “These are the two key items that most new business owners overlook,” says Chris Russell, a San Diego-based certified financial planner specializing in business owners and the self-employed. Don’t consider yourself a small business owner? Well, let’s start there. To the IRS, you are a s...

WKBT January 29, 2021 8:00 AM Kelsey Sheehy Posted: Updated: Getty Images Shutdowns, layoffs and salary cuts brought on by the coronavirus pandemic have left millions of Americans searching for new sources of income. Those who’ve recently turned to gig work may be weeks away from a financial surprise in the form of unexpected tax bills and insurance coverage fine print. “These are the two key items that most new business owners overlook,” says Chris Russell, a San Diego-based certified financial planner who specializes in business owners and the self-employed. Don’t consider...

Kelsey Sheehy FILE - In this July 1, 2020 file photo, Instacart worker Saori Okawa loads groceries into her car for home delivery in San Leandro, Calif. Many new gig workers aren’t aware of the tax obligations associated with their new status as independent contractors. Delivery drivers, grocery runners and freelancers need to pay income and self-employment tax on their earnings, which can amount to 30% of their earnings. (AP Photo/Ben Margot, File) Shutdowns, layoffs and salary cuts brought on by the coronavirus pandemic have left millions of Americans searching for new sources of inc...