- Principal
- The initial amount of money on which interest, returns, or tax liabilities are calculated.
- Interest rate
- The percentage charged or earned per period on the principal, expressed as an annual rate unless stated otherwise.
- Compounding
- The process by which interest is added to the principal so that subsequent interest is earned on the combined amount.
- Present value
- The current worth of a future sum, discounted at a given rate to account for the time value of money.
- Short-term rental tax
- A key concept referenced by the STR Tax Obligation: Calculate tax obligations for short-term rental income. Covers federal income tax, self-employment tax threshold (14-day rule), lodging taxes (hotel/motel tax or transient occupancy tax by city), and the Augusta Rule ($14-day exemption).
- Airbnb tax
- A key concept referenced by the STR Tax Obligation: Calculate tax obligations for short-term rental income. Covers federal income tax, self-employment tax threshold (14-day rule), lodging taxes (hotel/motel tax or transient occupancy tax by city), and the Augusta Rule ($14-day exemption).
- VRBO tax
- A key concept referenced by the STR Tax Obligation: Calculate tax obligations for short-term rental income. Covers federal income tax, self-employment tax threshold (14-day rule), lodging taxes (hotel/motel tax or transient occupancy tax by city), and the Augusta Rule ($14-day exemption).
- 14-day rental rule
- A key concept referenced by the STR Tax Obligation: Calculate tax obligations for short-term rental income. Covers federal income tax, self-employment tax threshold (14-day rule), lodging taxes (hotel/motel tax or transient occupancy tax by city), and the Augusta Rule ($14-day exemption).
- Transient occupancy tax
- A key concept referenced by the STR Tax Obligation: Calculate tax obligations for short-term rental income. Covers federal income tax, self-employment tax threshold (14-day rule), lodging taxes (hotel/motel tax or transient occupancy tax by city), and the Augusta Rule ($14-day exemption).