Do you live in an area where people take summer vacations? Do you own a second home that would make a great getaway? In either case, you might consider renting out the house for hundreds or thousands of dollars.
What’s more, if you rent the house for no more than 14 days in a calendar year, your rental income will be completely tax-free. You don’t even have to report the money on your tax return. (Of course, you can’t take any tax deductions relating to this income if you collect tax-free income.)
