Taxes reddit

Just wanted to ask lang po kung paano ang magiging computation ng tax for 8% tax type ng online shop. Is it - a. Matic na exempted ako sa full time job then lahat ng sales ko sa shopee ang magkakaron ng tax. Or b. Iaadd full time job income and Shopee sales. If more than 250k, magkakaron ng tax yung mag exceed sa 250k. Sana po may makasagot ...

Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U.S. and International, Federal, State, or local. The IRS is experiencing significant and extended delays in processing - everything. Don't post questions related to that here, please. Per federal law this interest is not supposed to be taxed at the state level only federal, however credit karma system appears to be subjecting this income to state (PA), income tax and my state return drops from $90 to $78 after I entered the information. Used CK last night after over a decade of using TurboTax. If you’re a working American citizen, you most likely have to pay your taxes. And if you’re reading this article, you’re probably curious to know what exactly you’re paying for. Th...Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U.S. and International, Federal, State, or local. The IRS is experiencing significant and extended delays in processing - everything. KJ6BWB. •. now since turbotax doesn't participate in the free file program anymore. Intuit owns TurboTax. They also own Cash App Tax (formerly credit karma). Cash App Tax is completely free in all ways. They'll probably start charging for it in the future but this year it's the best completely-free tax software that I've found. Bill Gates: I’ve paid $10 billion in taxes. I should have paid more. - Vox. Future Perfect. Bill Gates: I’ve paid $10 billion in taxes. I should have paid …Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U.S. and International, Federal, State, or local. The IRS is experiencing significant and extended delays in processing - everything. …

Nov 27, 2022 ... Assuming you are filing single, you would have total federal tax due of $2,024. If box 2 of your W2 is more then $2,024, you will get a refund, ...the_ferryman_abides. •. Yeah, 2021-2022 the self-employment tax rate is a little over 15% of NET up to like $130,000. After your 20% pass through deduction and business miles/ standard deduction, writing off all Lyft/Uber fees as business expenses, you're probably not paying much in tax. Reply reply.The plugged-in transaction history from Kraken onto Koinly shows the following results but I need to pay to generate tax documents for individual years. I made 52 transactions in 2021, Capital gains/ PNL- $-169.11. I made 0 transactions in 2022, Capital gains/ PNL- $0. I made 0 transactions in 2023, Capital gains/ PNL- $0.Alternatives to Reddit, Stumbleupon and Digg include sites like Slashdot, Delicious, Tumblr and 4chan, which provide access to user-generated content. These sites all offer their u...Online account shows details for any federal tax liability associated with your individual account, such as: Income tax owed on your Form 1040; Additional tax ...But while Gates stood up for companies and the pursuit of wealth, he said in his Reddit AMA that billionaires could stand to be kept in check through …Many states have cross state tax credits and these all work at the click of a button on the CD software They do charge like 20-30+ for another state so it could get expensive that way. ... Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U.S. and International, Federal, State, or local. The IRS ... FreeTaxUSA, Free fed, pay $15 for state, ( TaxHawk is the same company) OnLine Taxes offers free federal and $10 state returns. It has a more simplified interface, more like CashApp Tax vs FreeTaxUsa. MyFreeTaxes.com (Run by United Way/TaxSlayer/CashApp), Free fed/State.

That means your withholding is going to be under. Based on the W-2 information, it looks like you should owe about $7,222 in taxes. If you were paid bi-weekly and all payments were about equal (such as salary), you'd have had $3,541 in withholdings based on claiming zero but not checking the box. A user shares a comprehensive list of resources and tips for filing an individual tax return in 2022, including IRS Free File, free tax preparation programs, and self-filing options. The post covers different income levels, states, foreign addresses, and special situations such as military, prior years, and US expats. It’s not uncommon for people to not know there SARS tax number. Having this number is very important for tax purposes. Keep reading to learn what a SARS tax number is and your vari... The return for tax year 2022 will be due April 17, 2023. You can automatically get that extended to October 16. However the tax is still due throughout 2022, and any remaining amount is still due April 17. If you are owed a refund, you have until April 17, 2026 to claim it. r/tax.

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Oct 26, 2022 ... The strategies that I know of include: bonus depreciation, pre-tax retirement contributions (like SEP IRA, Solo 401K) , 1031 exchanges, pretty ...ADMIN MOD. Tax Filing Software Megathread: A comprehensive list of tax filing resources. Taxes. Please use this thread to discuss various methods of filing taxes. This can include: Tax Software Recommendations (give detail as to why! Tax Software Experiences. Other Tax Filing Tools. Experiences with Filing Manually. Also some include the state tax return for free. Just finished both in TurboTax and FreeTaxUSA and they both came out to the same exact amount for my return, so that helps my confidence. The main difference that I noticed is TurboTax wants to charge $69 and FreeTaxUSA wants to charge $0. As for User Experience, they definitely feel different. Per federal law this interest is not supposed to be taxed at the state level only federal, however credit karma system appears to be subjecting this income to state (PA), income tax and my state return drops from $90 to $78 after I entered the information. Used CK last night after over a decade of using TurboTax.

From a Q&A posted on turbotax earlier this year [ Link ]: "Payments for your plasma sale activity are taxable income but not self-employment income. Therefore, you will pay income tax, but not social security or medicare taxes on the payments. The payments are entered as "other income" ... If you have a W2 job, your withholding may be enough to ...Cashapp tax had 0 fees. I didn't have any issues getting setup on my desktop, but cash app didn't have some features that make turbo tax very easy. I couldn't upload any documents and typed everything individually. Luckly it was pretty easy to do so since I could just review what I put in turbo tax.Jan 5, 2016 ... Those taxes are deducted from every paycheck you receive If you own your own business then you pay a 15% social security tax and then 10 to 35% ...A community for Redditors who are tax professionals to discuss professional development, firm procedures, news, policy, software, AICPA/IRS changes, news/updates about law relating to any tax - U.S. and International, Federal, State, or local.Reddit Inc. disclosed further details of what is set to be one of the year’s biggest initial public offerings, with the company and some existing shareholders …Mar 5, 2024, 10:00 AM PST. Our experts answer readers' tax questions and write unbiased product reviews ( here's how we assess tax products ). In some cases, …FreeTaxUSA® - Free Tax Filing for All Federal Returns, E-File Income Taxes Online. Pricing & Products. Support. Prior Year. After You File. 100% free federal tax filing. E-File your tax return directly to the IRS. Prepare federal and state income taxes online. 2023 tax preparation software.Feb 1, 2013 ... r/MontgomeryCountyMD icon. r/MontgomeryCountyMD · Any entrepreneurs here? 33 comments. Top Posts. Reddit · reReddit: Top posts of February 1, ...Reddit's largest economics community. Serving as a central forum for users to read, discuss, and learn more about topics related to the economic discipline. ... "The …If you think that scandalous, mean-spirited or downright bizarre final wills are only things you see in crazy movies, then think again. It turns out that real people who want to ma...After maxing out 401-Ks and HSAs, healthcare costs, and contributing to a mega backdoor, our take home after taxes is $12K every two weeks. We file married filing jointly. We make 55k a year so 3530.00 a month after taxes. I make 52K pre-tax, $1400 biweekly takehome.

IRS has a free file program that allows to use either a common software if you are eligible (usually need to satisfy income thresholds, credit eligibility, etc.) or their free fillable forms for any income. People already posted the links. 1a) Common software through IRS - go with this option if you satisfy their requirements.

A: First, make sure you actually had a filing requirement for each year. For any year that you should have filed, you need to file a return. You may even be due a refund. If so, you can claim a refund for only the last three years (2015 and later years). If you owe, there are options to pay your taxes over an extended period of time or, in some ... In addition, self-employment tax = $55,000 * 0.9235 * 0.153 = $7771 SE tax. Total income and SE tax = $19,792. Subtract from that the annualized total Federal income tax withholdings on your paystubs, and that's an approximation of your estimated tax. Divide by four for quarterly payments.Cashapp tax had 0 fees. I didn't have any issues getting setup on my desktop, but cash app didn't have some features that make turbo tax very easy. I couldn't upload any documents and typed everything individually. Luckly it was pretty easy to do so since I could just review what I put in turbo tax.Regular pay (from working a job) is taxed 1:1. Capital gains from proceeds of sale of stock is applied at 50%. Had you made $1000 as ordinary income at 25% marginal tax rate, you would be taxed $250. $1000 (capital gains) x 0.5 (50% of capital gains attributed to marginal tax rate) = $500 (towards marginal tax rate).If you think that scandalous, mean-spirited or downright bizarre final wills are only things you see in crazy movies, then think again. It turns out that real people who want to ma...President Biden has a plan to raise that maximum tax rate from 20 percent to 39.6 percent, and proponents see that as one way to tax the rich. But …ADMIN MOD. I filed my taxes and..... Taxes. Well, I’ve seen a ton of posts on here recently about taxes. Everyone arguing about who is right, who is wrong. The constant “that’s dumb. Nobody would gamble if they did taxes like that”. Well, I filed my taxes last night. Everyone saying that you report total winnings as income and report ...For married couples filing jointly, the standard deduction is $27,700 for 2023, up from $25,900 in the 2022 tax year. That's an increase of $1,800, or a 7% bump. For single taxpayers and married individuals filing separately, the standard deduction is set at $13,850 in 2023, compared with $12,950 last year.Jan 21, 2022 ... People like you are why Reddit gets a bad rap. It costs 0$ to be kind. So if you don't have anything nice to say, move along and reflect on ...Overall, FreetaxUSA is much easier to navigate. You can navigate to specific parts of the process using links and tabs. Cashapp makes you click through many questions just to get to one field at the end of a sequence. FreetaxUSA also imported all of the info from my Turbotax 2020 return, including depreciable assets. Only 1 number was off.

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Turbotax gave me a $489 return. Take the $89 for the premium version they claim I have to have to file, and another $40 in service fees, leaving me with a $360 return. Free tax USA quoted me a $530 return to start, but by the end, it dropped to $503. All the same info, not sure what the service saw differently to deduct from. Chime (Column Tax). The first $13,850 would still not be taxed because thats the standard deduction. The second $11,000 would be taxed at 10% still. (to a total. From $11,000 to $44,725 would be taxed at 12%. There would be $1,425 left that would be taxed at 22%, but only that $1,425 would be taxed at that rate. A community for Redditors who are tax professionals to discuss professional development, firm procedures, news, policy, software, AICPA/IRS changes, news/updates about law relating to any tax - U.S. and International, Federal, State, or local.Reddit's largest economics community. Serving as a central forum for users to read, discuss, and learn more about topics related to the economic discipline. ... "The …If a trader makes more than 250k in a year in securities, then the trader owes an additional 3.8% in taxes due to Obamacare for every dollar over 250k. This is on top of whatever federal tax bracket you are in. Edit for this. There are multiple tax brackets based on how you file. A single trader the threshold is 200k, married filed separate is ...Normally, if you just have one job, payroll withholding for SS tax stops after you pass $147,000. But, if you’re overemployed, there is no way for your payroll provider to know that you have another job. That means if you have J1 comp of $147,000 and j2 comp of $100,000, throughout the year you pay social security tax on $247,000 of income.Just wanted to ask lang po kung paano ang magiging computation ng tax for 8% tax type ng online shop. Is it - a. Matic na exempted ako sa full time job then lahat ng sales ko sa shopee ang magkakaron ng tax. Or b. Iaadd full time job income and Shopee sales. If more than 250k, magkakaron ng tax yung mag exceed sa 250k. Sana po may makasagot ...Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U.S. and International, Federal, State, or local. The IRS is experiencing significant and extended delays in processing - everything. Don't post questions related to that here, please. ... At least for federal taxes, effective 2018 employee ...Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U.S. and International, Federal, State, or local. The IRS is experiencing significant and extended delays in processing - everything.After taxes, benefits, retirement: $15,000/mo in NYC community EM. ETA: love that this sparked a discussion on NYC taxes so I’m happy to report that I’m moving out of the city in 5 weeks! To California 😂. Zealousideal-Cry709. • 2 yr. ago.6 days ago ... We need to verify you lived or worked in New York State, New York City, or Yonkers. You claimed a credit or tax benefit, and we did not receive ... ….

Current_Caramel317. •. I got approved (after a long wait) and I’m expected to receive my refund on March 7, according to the app. I checked online and I’m expected to receive my refund on March 3. However, a few days later, I tried to check again (because IRS adjusted the amount), and it kept saying incorrect.Reddit, one of the most popular websites in the world, is hoping for a valuation of up to $6.4bn (£5bn) when its shares go public next week. The social media …Feb 15, 2024 ... Have federal income tax withheld. Excess tax withholdings are only returned in the form of a refund when you file a tax return. This can affect ...Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U.S. and International, Federal, State, or local. ... p.s. even turbo tax is deductible… note that business aside, on schedule A you may list child credits, deduct mortgage interest, charitable giving, state and local taxes, and many other ...Simple example: you were reimbursed $8k in scholarships every year. You add $8k to your return, at 12% rate you own $960 in taxes. Instead you take the AOTC, you add $12k to your return, at 12% you own $1,440 in taxes that can be offset by $2,500 in tax credits. Now the government owes you $1,060. Hi, r/taxadvice, I'm looking for guidance. I am a resident of DC. Last summer I had my employer's HR update my mailing address to one in Texas for personal reasons. I only recently realized that since that change, they started applying Texas income withholding, i.e. 0%. The short answer is yes. The more detailed response is still yes; you have to report and potentially pay taxes on any crypto transaction that results in a taxable event with gains or losses. While not every crypto transaction is a taxable event, many are. Below, we’ll describe how crypto is taxed and what constitutes a taxable event.Online account shows details for any federal tax liability associated with your individual account, such as: Income tax owed on your Form 1040; Additional tax ...ELI5 answer: Use Tax = Sales Tax that you pay to the state directly when a vendor doesn't charge you sales tax on an otherwise taxable product or service. Let's say your office buys a new computer for $1,000 from an online retailer and they don't charge you sales tax. Your state's sales tax rate is 6% so the retailer would have charged you $60 ...Normally, if you just have one job, payroll withholding for SS tax stops after you pass $147,000. But, if you’re overemployed, there is no way for your payroll provider to know that you have another job. That means if you have J1 comp of $147,000 and j2 comp of $100,000, throughout the year you pay social security tax on $247,000 of income. Taxes reddit, [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1]