Reddit taxes

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 taxes. 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.

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. I suggest certified mail.

Personally, no, I do not have to pay US taxes. You not only have to file taxes, but you also have to report your bank accounts if they are worth more than $10,000 at any time during the year. There’s an additional form to submit if your holdings go over $600,000 at any time during the year.The best way to handle any tax form is to take it a step at a time. A W-9 form is an official tax document you fill out if you’re hired as a contractor, freelancer or vendor for a ...We changed your return. Top 5 searched notices or letters. Additional Documentation Required – Refund Pending (FTB 4502); Demand for Tax Return ...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 ... 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. Thanks in advance. This is the message. Congratulations! The IRS has accepted your 2023 return on 2024-02-29 and your federal taxes are complete. The IRS is currently preparing your refund. We will update our systems when your Refund Transfer funds have been released for direct deposit. u/coreyrobinson394.

Note: this is different than a deduction. A deduction reduces the amount of your income that can be taxed in the first place. It doesn't apply against your tax bill directly. The Earned Income Tax Credit (EITC) is available to low-to-moderate income households, which particularly favors households with dependent children.r/TurboTax. Feed About. u/brh4685. • 2 mo. ago. 2023 IRS Acceptance Thread. Helpful information. 56 337. u/chuckguy17. • 35 min. ago. Fidelity Import on TurboTax Premier …Unlike Twitter or LinkedIn, Reddit seems to have a steeper learning curve for new users, especially for those users who fall outside of the Millennial and Gen-Z cohorts. That’s to ...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 ...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.Each tax bracket only charges you that percentage for the amount you make in that bracket. Using some very simplified numbers to make this clear, lets say the tax brackets are: . $100 - 5% ($5) $200 - 10% ($10) $300 - 20% ($20) Since it sounds like you thought the percentage was your 'whole' income, you'd probably assume someone making $150 …This year we put together a guide to finding *truly* free tax prep filing options. Short version: you can definitely file for free if you make under $69,000 and you may well be able to if you make over that. Be very careful about ads from TurboTax and others claiming "free" tax prep. They will often hit you with a paywall and a significant fee ...r/TaxQuestions. u/llamaflocka. • 12 days ago quick question :) Hi! i am starting to get my info together for the new year. I am a freelance service provider (art field). I have some …

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. Don't worry about your manpower having a -1000% base value modifier. This is normal. Instead of gaining manpower every month, your taxes will provide you with manpower every year. A few days into the game you'll get the taxes popup. If you're starting out, it's fine to use the default settings for taxes and delegate taxes to the AI.Tell HM Revenue and Customs ( HMRC ) as soon as possible if you've made money you need to pay tax on and have not told them about it.ADMIN MOD. Tax Advice for 2024: Do not file with Turbotax. Taxes. On Feb. 5 I attempted to file my taxes. My family qualifies for a tax credit due to energy updates to our home during 2023. There was no place in the tax credits section to file for this tax credit. In order to find out how to file this credit, I had to upgrade to Live-Assisted.Reddit, specifically, is full of questions about where remote workers should file their taxes this year: If you quarantined with family for a couple months in a different …

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Reddit, often referred to as the “front page of the internet,” is a powerful platform that can provide marketers with a wealth of opportunities to connect with their target audienc... charcuteriekween516. ADMIN MOD. 2024 Tax refund thread where/when you filed got accepted. Just wanted to start a thread where we all list off who we filed with, the date we filed, the date we got accepted, and the date the return came through! Maybe it will help me stop obsessively refreshing the Where’s My Refund page - but doubt it ;) National taxes are much lower in Japan for people living typical middle-class lives. Municipal taxes, payroll taxes, sales taxes are all higher, but the big faraway national government takes a lot less from you than they could. Someone making 4.4 million yen (the national average) would pay ~100k yen in national tax.5 min. President Biden will propose a set of new housing initiatives in Thursday’s State of the Union address, including tax credits to offset high mortgage rates …OK, I'm Cheap, but when a business tells me I can have it for free, I DON'T EXPECT THE OL' BAIT-AND-SWITCH. FREE-TAX-USA is a 2 (maybe 3) on a scale of 1 to 5. FreeTaxUSA -IF- you sign up through the Federal IRS FreeFile website, you can PROBABLY get your State Taxes done for free.

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 $1,425 would be taxed at that rate. If your income is low ($<39,000 for TurboTax), you can qualify for their FreeFile program. If you don't use FreeFile, buy the physical CD (their online pricing is a ripoff). For comparison, their Deluxe edition online costs $110 for 1 federal and state filing. The physical CD on amazon costs $50 for 5 federal filings and 1 free state filing. Learn about filing taxes, late and delinquent taxes, methods for filing, and requirements for filing from a director in The Tax Institute at H&R Block. See real questions and answers … 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. Otherwise, the IRS is directing taxpayers to the Let Us Help You page on its website and to in-person help at Taxpayer Assistance Centers around the country. You … With your income, you're in the 22% bracket, so a $300 charitable donation would reduce your final tax bill $300 * 22% = $66. Since there is no 100% tax bracket, the tax savings will always be less than what you "spent" on the donation. So whether it's "worth it" really boils down to whether you think the cause you're donating to is worthy even ... 23 Jan 2024 ... You may have to pay penalties if you make false statements or omissions on your tax return, or if you repeatedly fail to report your income.So in total your federal taxes would be $2,440.50. This is assuming a $35,000 taxable income and no other changes from 2022. ... 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 ...They really need to have a personal income tax class in high school because contrary to popular belief, for many taxpayers in lower tax brackets taxes are not complicated. There is a very simple formula: Income - Adjusted Gross Income Deductions (alimony payments, IRA contributions, Self-Employed Health Insurance deduction, student loan ...

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. …

As of the 2021 tax year, those rates ranged from 10% to 37%. The IRS treats interest you earn on a CD as income, whether you receive the money in cash or reinvest it in a new CD. (The same treatment applies to interest credited to a CD that allows you to withdraw funds early without penalty.) The interest is taxable, the IRS says, in the year ...Anytime a politician introduces a plan to “tax the rich,” the middle class and under always pay the price,” Burton Brink, former Sergeant-LA County Sheriff’s Dept, …ADMIN MOD. ADA Staking taxes (US) - Be aware. Staking. The IRS treats staking/mining as income. This means that you're supposed to pay income tax on all the ADA you receive through staking. If you receive a staking reward of 10 ADA, and at the time of you receiving that ADA, one "coin" is worth $0.8, it means that you're supposed to report the ...Unlike Twitter or LinkedIn, Reddit seems to have a steeper learning curve for new users, especially for those users who fall outside of the Millennial and Gen-Z cohorts. That’s to ...They really need to have a personal income tax class in high school because contrary to popular belief, for many taxpayers in lower tax brackets taxes are not complicated. There is a very simple formula: Income - Adjusted Gross Income Deductions (alimony payments, IRA contributions, Self-Employed Health Insurance deduction, student loan ...Tell HM Revenue and Customs ( HMRC ) as soon as possible if you've made money you need to pay tax on and have not told them about it.Note: this is different than a deduction. A deduction reduces the amount of your income that can be taxed in the first place. It doesn't apply against your tax bill directly. The Earned Income Tax Credit (EITC) is available to low-to-moderate income households, which particularly favors households with dependent children. Any CRA auditor would be able to see that failing to file my T1135 for 4 years straight was not a ploy to evade paying income tax in Canada. To now write me up for 4x$2,500 in penalties seems, well, harsh. I've looked into the Voluntary Disclosures Program, which I understand may lead to relief from penalties. 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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So if you are looking to pick up a deck and blast through the ladder you might want something else. Anyway heres a brief guide on the most common decks you will see. Rakdos midrange: In: recruitment offcier, devout decree, 2x guardian of faith. Out: 2x phyrexian revoker, 1x elite spellbinder, 1x skyclave apparition.krantwak. I desperately need some tax help. I will try to keep this short but if the details of the reason are necessary I will gladly say the reasons. All I will say is that I am filing now …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. ... This is the first time I'm noticing this aspect when filling out my Tax info and I don't really know if it ... Any CRA auditor would be able to see that failing to file my T1135 for 4 years straight was not a ploy to evade paying income tax in Canada. To now write me up for 4x$2,500 in penalties seems, well, harsh. I've looked into the Voluntary Disclosures Program, which I understand may lead to relief from penalties. 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. r/TaxQuestions. u/llamaflocka. • 12 days ago quick question :) Hi! i am starting to get my info together for the new year. I am a freelance service provider (art field). I have some …Reddit, specifically, is full of questions about where remote workers should file their taxes this year: If you quarantined with family for a couple months in a different … 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, often referred to as the “front page of the internet,” is a powerful platform that can provide marketers with a wealth of opportunities to connect with their target audienc...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 ...But today you decide to cash in 1 million of it because you want a yacht, meaning you have to pay tax on that bit. So the taxable amount would be £1 million minus the £1,000 it represented of the whole holdings, also minus the allowance. You’ll lose about £100k-£200k tax on that, depending on the circumstances.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. ... This is the first time I'm noticing this aspect when filling out my Tax info and I don't really know if it ...Ok, so ignore state tax and other tax deductions. If you make $100,000 in salary you'll owe about $18,731 in taxes. If you take a loss of $700 on your rental business, that will be set off against from your $100,000 salary. So at the end of the day, it will be like you made $99,300 in income. instead you'll owe about $18,535.As the employee you would also pay 7.65% (up to a certain income level). Being self-employed you get the privilege of paying both halves, or 15.3% in addition to federal (and possibly state) income taxes. So if your effective federal tax rate is 25%, then you can expect to pay around 40% plus any state income taxes .If you are a true remote worker, where you work a majority of the time from home, you would pay state taxes in the state of which you reside/work. In the case that you're temporarily working from home due to covid and your employer happens to be in another state, you will pay state taxes for the state in which your work is located. GAULEM.I made a mistake on my taxes this year. As a proof of income and identity, I sent a previous tax form. I accidentally sent the wrong year, so it was WILDLY inaccurate. The IRS was like "hey this wasn't what you said it was." and denied my tax return, so I went back into turbotax, figured out what I fucked up, and resent it. It was approved.Filing usually takes me like 20 minutes online. In the past i’ve used the free version of TurboTax and it has seemed to work fine, but lately i’ve been seeing strong sentiment …Because your country is smaller the government is more centralized and by nature has to be more honest and transparent--- also the tax revenue and costs of running your country are more manageable numbers. America is a very big country with a lot of middle classed people who pay around 30% of their money in taxes. Reddit taxes, [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]