A New Tax on the Sharing Economy

Travelers could soon pay more to rent someone's apartment through Airbnb.

Young woman using credit card and tablet for reserving plane ticket online
(Image credit: Iakov Filimonov)

Kathleen O’Malley first used Airbnb in the summer of 2013, when she traveled through Washington State and British Columbia with her fiancé. After that, “we were hooked,” says O’Malley of Portland, Ore. The couple used Airbnb to book a cottage in Sonoma for their honeymoon in September.

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Sandra Block
Senior Editor, Kiplinger's Personal Finance

Block joined Kiplinger in June 2012 from USA Today, where she was a reporter and personal finance columnist for more than 15 years. Prior to that, she worked for the Akron Beacon-Journal and Dow Jones Newswires. In 1993, she was a Knight-Bagehot fellow in economics and business journalism at the Columbia University Graduate School of Journalism. She has a BA in communications from Bethany College in Bethany, W.Va.