Reddit tax

Rental property can reduce taxes. Even if you make money each month, the depreciation benefit along with the other deductions can make it show up as a loss on your taxes. Up to $25k of that loss can be used against your other income (more if you can qualify as a real estate professional). Make less money. Reply reply.

IR-2024-04, Jan. 8, 2024. WASHINGTON — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation's 2024 tax season when the agency will begin accepting and processing 2023 tax returns. The IRS expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline. 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. At tax time, you simply go into stride and hit the tax section and they email you your total mileage as well as a detailed list of each time you logged a trip for tax backup if audited. There’s no reason you shouldn’t be tracking your miles in a contractor job.Once you get into Indirect Tax - it's very hard to get out of it. High demand coupled with low supply for indirect tax accountants (can be viewed as a positive though). Sales tax law - nexus issues. Tough to break into. Pros -. Always know when you can get off from work! High job demand once you have experience.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...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...

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. …If you earn interest in 2024, you'll pay the tax on that interest in 2025. Your HYSA interest is taxed in the calendar year that it's credited to your account. So, if the interest is credited on Dec 31, 2023, it will be income on your 2023 tax return. If it's credited on Jan 1, 2024, it will be income on your 2024 tax return. 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. Reddit is a community-based website with over a million topic forums and AMAs are places for people to ask anything to an expert on a topic. Andy answered some of the Internet’s …Jan 25, 2024 ... FreeTaxUSA is awesome! It's been my go-to for the last 3 years. If I remember correctly, if you make under a certain amount, you don't have to ...You have to file an income tax return if your net earnings from self-employment were $400 or more. The instructions for a return state under Filing Requirements for Chart C—Other Situations When You Must File, that you must file using Form 1040 when. You had net earnings from self-employment of at least $400.All in all $100 plus 8.2 (state, county, city) is $108.2 so should I be collecting 408.2 from a customer or $432.8 ($300 for service + 8.2%) + 108.2)? Even more confusing, how to calculate it (if at all) if I am doing service outside of city limit where tax is different (still 2.9% state but plus whatever other city and county charge).I took my recent employer to Fair Work for unfair dismissal, we settled in mediation for an amount of $20,000. This was broken down into the following categories: - Settlement Payment - $14,808.80. - Unused leave payment (my remaining accrued annual leave) - …

Jan 22, 2024 ... I like FreeTaxUSA. While many of these other people are saying that the state return is $15, it's actually free if you access it through this ...income tax. Features. 10 Most-Overlooked Tax Deductions and Credits. Don’t miss these often overlooked tax deductions and credits when you file your tax …taxrefundhelp. A place solely focused on asking and answering tax refund related questions. 4.9K Members. 55 Online. Top 10% Rank by size. r/IBM. Hello Reddit community, I'm a former Big 4 Tax Manager, now a solo CPA with expertise in pass-through entities and High Net Worth clients. Having transitioned to the industry two years ago on a part-time basis, I have the capacity to undertake tax work during the busy season. Best Tax Apps. Best Tax Relief Companies. Best Crypto Tax Software. Show Summary. FEATURED PARTNER OFFER. TurboTax Premium. Learn More. On intuit's …Get help with your taxes from experts and fellow taxpayers. Stay ahead of the curve with news and updates. Find answers to your questions quickly and easily. Save time and money by learning from others who have been there before. Subscribe today and start dreading tax compliance less!

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Help needed. Got partial refund without the EV credit of $7500. Took delivery of my Tesla Model Y mid Jan 23, got rejected on first TurboTax attempt, generated 15400 on Feb 21 using Tesla website and tried again and got accepted (Turbo Tax Desktop). However now IRS sent me my refund without the 7500 credit. 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. Based on prior years' data, people with PATH ACT refunds typically see their tax refunds arrive in the first week of March. For 2024, we expect that the earliest PATH Act tax refunds will arrive around February 19, but the bulk of earlier filers will see their refund the week of February 26 through March 1. Some may not even get their refunds ... r/taxhelp: This is a community for questions and discussions about anything tax related. Feel free to ask for opinions, experiences, and insights… Raise all of your 320 tax return fee by a mere $10 =$3200 to add to your software budget for next year …get better software, increase speed and accuracy. I have found the time saved with a pricier software typically pays off in time/efficiency value during tax season. Maybe this will get you into ultra tax or Lacerte.If you earn interest in 2024, you'll pay the tax on that interest in 2025. Your HYSA interest is taxed in the calendar year that it's credited to your account. So, if the interest is credited on Dec 31, 2023, it will be income on your 2023 tax return. If it's credited on Jan 1, 2024, it will be income on your 2024 tax return.

Best Tax Apps. Best Tax Relief Companies. Best Crypto Tax Software. Show Summary. FEATURED PARTNER OFFER. TurboTax Premium. Learn More. On intuit's …you are subject to tax when ever you SELL a stock if it was for more than you paid. novice daytraders are often SHOCKED. Terrible-Wrangler-32. • 3 yr. ago. Stocks sold when held for less than 1 yr is tax at normal income tax rate. Stocks sold when held for more than 1 yr is tax at a maximum rate of 20%. A post on r/tax subreddit that lists various options for filing an individual tax return for free or low cost in 2022. Includes links, AGI limits, state returns, and special cases such as military, expats, and stonks. 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. … 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. I find that Turbo Tax walkthrough is much easier to go through. So what I do, because fuck turbo tax, is go through the steps all the way to the end and then just copy all the info into FreeTaxUSA. I get the benefits of TurboTax (ease of use) without paying for it. Fuck them for lobbying to make taxes complicated just to sell …Mar 1, 2024 ... Best Tax Software for Small Business. SELECT. All Taxes · Filing For Free · Best Tax Software · Best Tax Software for Small Businesses ·...I passed my SQR exams and now doing the different training modules. How do I track my training hours? Do I just put the time in hours I spent on them, or is there a specific time I suppose to enter? 1 1. r/Welocalize: The purpose of this sub is to share the wisdom and experiences of working at Welocalize.It has a more simplified interface, more like CashApp Tax vs FreeTaxUsa. MyFreeTaxes.com (Run by United Way/TaxSlayer/CashApp), Free fed/State. CashApp Tax (owned by Square, used to be called CreditKarma Tax), free federal/state (single state only) Free fillable forms - The very essence of basic.I find that Turbo Tax walkthrough is much easier to go through. So what I do, because fuck turbo tax, is go through the steps all the way to the end and then just copy all the info into FreeTaxUSA. I get the benefits of TurboTax (ease of use) without paying for it. Fuck them for lobbying to make taxes complicated just to sell …

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. …

The amount of the credit depends on your contribution amount, your filing status, and your adjusted gross income (AGI). If your 2023 AGI exceeds the income thresholds below, you aren’t eligible ...Reddit is set to start trading as a public company in mid-March. Advance, the publisher that owns Condé Nast, owns a stake that could be worth nearly $2 billion. …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. 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. There is a very simple formula: Income - Adjusted Gross Income Deductions (alimony payments, IRA contributions, Self-Employed Health Insurance deduction, student loan interest deduction) = Adjusted Gross Income - Greater of Standard ($6,100 for individuals) or Itemized Deduction - Personal Exemption ($3,900 per exemption) …Free to all military members and not just for a basic 1040ez like some other options. FreeTaxUSA has an AD military free file offer - as long as your AGI is under $73k and you were AD in 2021 (have a W-2 from an AD employer), you can file everything for free...federal, state, any sort of tax situation (interest, dividends, capital gains, self ...The amount of the credit depends on your contribution amount, your filing status, and your adjusted gross income (AGI). If your 2023 AGI exceeds the income thresholds below, you aren’t eligible ...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.

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A social media platform is set to hit the stock market this week and some users are worried about what will happen to the site after it goes public. Reddit is seeking a …Donating small stuff like clothing won't matter for your taxes, really - you'd have to itemize your tax deductions and it's unlikely that all your clothing donations would exceed the standard deduction ($6,100 for 2013). If you're trying to make a profit by getting rid of clothing, it's probably better to sell on eBay.In russia we pay 20% to pension, 5% to medical insurance, 13% “official tax”, so, it is about 38%+. It is higher than in a lot of other countries and gives us nothing even close to other countries. There are several reasons for that. But the most important is that people just avoid paying taxes. A fellow expat here. Hello Reddit community, I'm a former Big 4 Tax Manager, now a solo CPA with expertise in pass-through entities and High Net Worth clients. Having transitioned to the industry two years ago on a part-time basis, I have the capacity to undertake tax work during the busy season. Reddit is set to start trading as a public company in mid-March. Advance, the publisher that owns Condé Nast, owns a stake that could be worth nearly $2 billion. …taxrefundhelp. A place solely focused on asking and answering tax refund related questions. 4.9K Members. 55 Online. Top 10% Rank by size. r/IBM.Germans have the second highest burden of taxes and duties. News. In terms of the combined tax and levy burden, Germany is almost the frontrunner among the industrialized countries. On average, a married couple with children has to pay 40.8 percent of their wages, according to the Organization for Economic Co-operation …Once you get into Indirect Tax - it's very hard to get out of it. High demand coupled with low supply for indirect tax accountants (can be viewed as a positive though). Sales tax law - nexus issues. Tough to break into. Pros -. Always know when you can get off from work! High job demand once you have experience.Sorry if this is is overposted, I only saw reddit posts about this that were 3+ weeks old or not including information about tax credits. Thanks for understanding. I filed using turbotax January 25th, and irs where's my refund said that people who claimed the ctc or the eitc wouldn't see their refund till Feb 27th.Here are the best ways to file your taxes for free, including official services from the IRS and top-notch free software from commercial publishers like TurboTax and …Jan 19, 2021 ... I have used FreeTaxUSA to file my mom's taxes for the last 5 years and it's super easy and 100% free for federal e-file. If you have to file ... ….

you are subject to tax when ever you SELL a stock if it was for more than you paid. novice daytraders are often SHOCKED. Terrible-Wrangler-32. • 3 yr. ago. Stocks sold when held for less than 1 yr is tax at normal income tax rate. Stocks sold when held for more than 1 yr is tax at a maximum rate of 20%.Reddit is set to start trading as a public company in mid-March. Advance, the publisher that owns Condé Nast, owns a stake that could be worth nearly $2 billion. …2024 tax refund still waiting : r/tax.     Go to tax. r/tax. r/tax. 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. Total tax = $4,740. Essentially, $4,700 of your raise was taxed at 12% (adding $564 to tax) to fill up the 12% bracket, and $1,300 of your raise was taxed at 22% (adding $286 to tax). Note that your "taxable income" is $52,000 – $12,000 = $40,000 in the above example, broken into chunks of 9,525 + 29,175 + 1,300. 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. Rental property can reduce taxes. Even if you make money each month, the depreciation benefit along with the other deductions can make it show up as a loss on your taxes. Up to $25k of that loss can be used against your other income (more if you can qualify as a real estate professional). Make less money. Reply reply.In the U.S., the cryptocurrency tax rate for federal taxes is the same as the capital gains tax rate. In 2021, it ranges from 10-37% for short-term capital gains and 0-20% for long-term capital gains. In the US, crypto-asset gains are calculated using two factors: your income bracket, and how long you have held the cryptocurrency.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 more. Eight …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. Reddit tax, [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]