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Updated over 2 years ago on . Most recent reply

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Tamera Muniz
8
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28
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Airbnb/VRBO Remit Taxes?

Tamera Muniz
Posted

I'm a bit confused but what it means for these companies to remit taxes on your behalf. Does this mean that I do not need to save an additional 30% in a separate tax account? Can someone explain what remitting taxes means and if I should be saving separately as well please. 

Thanks!

Most Popular Reply

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577
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Nathan Grabau
  • Realtor
  • Longmont, CO
632
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577
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Nathan Grabau
  • Realtor
  • Longmont, CO
Replied

They pay the lodging taxes for you. So when you stay at a hotel you have the nightly rate, then you have a sales/ lodging tax you will pay. Airbnb/VRBO collected and sends this for you(in most cases). They do not collect money that is used for income/ corporate/ self employment taxes. 

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