Taxes reddit
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 ...Here are relevant Reddit links I have found, but I was not completely sure. https://www.reddit.com/r/tax/comments/129338c/canadian_nonresident_alien_received_1042s_for/ …Congrats, there will be no changes to your tax life. You are not selling with the intention of making a profit. This is similar to having a yard sale and this income is not taxable. This is assuming you bought these items at a higher price than what you sold them for. Example; Selling your old Gamecube you bought for $150 20+ years ago, for $40 ...
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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. 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. 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, ...
Rhouliha. •. Marginal rates: For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). The other rates are: 35% for incomes over …For example, if you put money into a Traditional 401k or Traditional Roth, then it'll affect (usually lower, but I don't know how much you make) your federal tax wage base. Depending on your age, they might recommend a Roth instead of a Traditional. Or tell you about current, new, or upcoming tax deduction items.For example, if you put money into a Traditional 401k or Traditional Roth, then it'll affect (usually lower, but I don't know how much you make) your federal tax wage base. Depending on your age, they might recommend a Roth instead of a Traditional. Or tell you about current, new, or upcoming tax deduction items.As the old adage goes, taxes are a fact of life. And the more we know about them as adults the easier our finances become. There are many things to learn to become an expert (this ...
Jan 9, 2024 ... It doesn't sound like you qualify for any credits based on this quick summary, so your tax refund really is just [how much you had withheld in ...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.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. … ….
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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.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.
You will need to either search online for the tax forms or go to a tax office to get them done as they cannot be done electronically now. Maybe 2017 can still be done online. If you cannot afford to go to an office I suggest freetaxusa.org . They do federal past forms for free you just have to print, sign, and mail.Since expenses reduce your profit, less of your business income is subject to SE tax. If your expenses in 2020 were also about one third of your gross income, then your net self employment income would be about 14k. Self employment tax would be about $2000 and income tax would be less than $150.
how to make money as an artist Politics. The IRS has a big opportunity to fix the way Americans file taxes. You shouldn’t need TurboTax to file your taxes. The IRS can and should … poe.tu of m acceptance rate Reddit is a popular social media platform that has gained immense popularity over the years. With millions of active users, it is an excellent platform for promoting your website a... how to get an internship Without forms/extra returns turbo tax has for often extra fees these your tax filing isn’t going to be as accurate if you actually need them ... 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 ... raising kanan season 3 episode 7love island usstretchlab monthly membership cost I would need to use TaxAct Premier (cheapest version that supports Schedule D for investments), which is $40+$40. So it's a little cheaper than TurboTax but still rather expensive. TaxSlayer: $47 for federal filing and $29 for state, cheaper still. FreeTaxUSA is $6 for federal and $14 for state.IIRC correctly, underpayments are figured quarterly because the IRS requires payment in full (or close) and on time. It sounds like you were likely underpaid in Q2 and that underpayment may have persisted into Q3. Obviously by Q4 you had met the safe harbor criteria. Fill out Form 2210 (or look at the form view in your tax software) to confirm. captain and coke Confused about local taxes. Unsolved. I am filing a joint return with me and my wife. Everything has gone smooth up until the local taxes part. My wife had 2 employers plus unemployment last year. #1 she worked at the beginning of the year at the office, then remotely for a month or so. They neglected to withhold any local taxes, not for the ...A payer is required to issue you a Form W-2G, Certain Gambling Winnings (PDF) if you receive certain gambling winnings or have any gambling winnings subject to federal income tax withholding. You must report all gambling winnings as "Other Income" on Form 1040 or Form 1040-SR (PDF) (use Schedule 1 (Form 1040 or 1040-SR) (PDF)), including ... sewage backup in basementhow much to take down a treebest low cost suv Reddit is a popular social media platform that has gained immense popularity over the years. With millions of active users, it is an excellent platform for promoting your website a... Confused about schedule K-1. Taxes. Hi tax gurus, I hope this question is easy enough to answer. I own shares of the ETF trading under the symbol GSG. My expectations for this were that it would function like any other security; I pay taxes on capital gains when the position is sold. However, I received a schedule K-1 (form 1065) for this, and ...