Reddit taxes

It's 100% free for filing your federal return regardless of what forms you need to include. State tax return filing is a very reasonable $13-15. It's not quite as hand-holding as TurboTax, and it doesn't support importing electronic forms, you have to type everything in. r/personalfinance. true.

upvote · 3. LPT - It's tax season, so make sure you don't waste money on Turbotax. Turbotax is wildly overpriced and you're wasting a lot of money when you could use Freetaxusa and other services that are literally over a hundred dollars cheaper. Freetaxusa is $15 to file your state return - federal is free. ·. 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%. 5). Deflation Protection - I-Bonds will never lose value month over month, even when the CPI is negative (deflation). That means in those cases, your money is guaranteed to increase in value in real terms. 6). Tax free (maybe) - All …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. … 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 a popular social media platform that boasts millions of active users. With its vast user base and diverse communities, it presents a unique opportunity for businesses to ...

Both programs asked to pay 40 CAD plus tax at the end just before the submission. Both "sucked" all our data from the CRA website. Both presented me with the exactly identical return amount for me and my wife. I personally liked …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.Save about 20% of your revenue to use towards this. If it's a retail business, you'll also need to pay sales tax to your state every month; your state should have a sales tax filing website. If you hire any employees, you'll need to do payroll taxes for them, but for now you shouldn't need to worry about it. SlagandGrit.Assuming a 50 cent tax per gallon, that means you'll be paying roughly $300 per year (paid on a credit card, as you've already spent your paycheck) in gas taxes - or 0.6% of your income. That brings us up to 34%. We could factor in sales taxes on alcohol, but since we've already spent all your savings - I see no need. The ever-popular TurboTax is easy to use, has app support (multiple apps for self employed, tracking, etc), and includes live support. Reviewing and updated figures is easy, and you can import PDF's of W-2's. Intuit owns them, and they can pull information (like investment returns) from 300 different brokerages.

It looks like this post is about taxes. Tax laws vary between countries, so you may get more helpful replies if you specify the place you are asking about. Please note that Rule #4 does not allow for Tax Evasion. This is a site wide rule and a subreddit rule. Do not endorse, suggest, advocate, instruct others, or ask for help with tax evasion.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. 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 ...MembersOnline. •. IndexBot. 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 …Save 20-30% now because you will probably owe. Hey! So Rover will send you a 1099 if you make over $600 in the given calendar year. This will add income straight to your taxable income on your tax return. Make sure to set aside money for taxes if you expect to make more than $600!

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broadsharp. •. File with turbo tax. You need to complete a 1040ez form. It will take you through all the forms needed. Just follow the easy instructions. It will allow you to file online with your state and federal. You’ll just need to complete your local tax forms and mail them in.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.That's taxed at 10% on the first $20,550 and the remaining $53,550 is taxed at 12%. Total tax is $8,481 2023 #s: $100,000 income less $27,700 standard deduction equals $72,300 taxable income. That's taxed at 10% on the first $22,000 and the remaining $50,300 is taxed at 12%. Total tax is $8,236 The difference is $245.This is my first time filing taxes so I am rather confused. I used 2 different softwares so far, both through FreeFile: TurboTax and FreeTaxUSA. In terms of actual income, I made $800 from a part time job last semester (didn't have any withheld so maybe I have to pay some taxes on that). However, when my university gave me my 1098-T, my box 5 ... A user asks for tips on doing taxes for the first time and gets some replies from other Reddit users who share their experiences and advice. Some suggest using Turbo Tax, FreeTax USA, or IRS Free File, while others warn about the risks of using Turbo Tax or H&R Block. MembersOnline. •. IndexBot. 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 …

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 do so, there's no need to file Form 4868, Application for Automatic Extension of Time to File a U.S. Individual Income Tax. Return. Payment options. 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. California Use Tax Information. The sales and use tax rates vary depending on your retail location. The sales and use tax rate varies depending where the ...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 ...One example of an indirect tax is sales tax, which is imposed entirely on the buyer rather than both on the seller and the buyer. Indirect taxes are taken from stakeholders that ar... Taxes. Taxes; Gifts; Self-Employment; Teenagers. High School Students and Teenagers (15-20) Young Adults (18-25) What to Do If You’ve Been Kicked Out of Your Family Home as a Young Person; Tools Windfall Miscellaneous Topics 30-Day Challenges Reading List Past Discussions Pages about /r/personalfinance New User Orientation Subreddit Rules ... 3 days ago ... Payments on an individual tax account that have not been applied to a particular tax ... reddit · TinyURL · tumblr · Twitter · Whatsapp &...One example of an indirect tax is sales tax, which is imposed entirely on the buyer rather than both on the seller and the buyer. Indirect taxes are taken from stakeholders that ar...32 year old, live with my significant other, and we do plan to get married in 2025. income is $85k base + commission around $15-40k depending on the year as I’m in sales. cost of … 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'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.

The ever-popular TurboTax is easy to use, has app support (multiple apps for self employed, tracking, etc), and includes live support. Reviewing and updated figures is easy, and you can import PDF's of W-2's. Intuit owns them, and they can pull information (like investment returns) from 300 different brokerages. There's no way you're gonna pay 30% on <15k income. You'll pay nearly 0 state/federal income tax at that bracket. The difference between your W2 and freelance job is that as a freelancer you have to pay the full SS/ medicaid tax, I believe it's about 13%, whereas the employer is on the hook for half of it if you have a W2 job. 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. 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 . 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 normally keep taxes low (er) in the beginning - 6-8% for R/C, 9-10% for I - and then inch them up as the city expands and more services are needed. Eventually, I set R/C to 8/9% and industry gets set to the max (12%). Early game can pretty easily be survived by turning down your water/power budgets because more is produced than you can use ... 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. Electronically filed tax returns will be rejected if the taxpayer is required to reconcile advance payments of the premium tax credit (APTC) on Form 8962, ... 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%.

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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 W4 was changed in 2020, where instead of claiming dependents as exemptions, it's a dollar figure now. $2,000 for each dependent under age 17 and $500 for other dependents. If you don't make this much in your biweekly gross pay, then no federal taxes are taken. For example, if you claim 3 at $2,000 ($6,000) and only make $3000 gross, no fed ...One example of an indirect tax is sales tax, which is imposed entirely on the buyer rather than both on the seller and the buyer. Indirect taxes are taken from stakeholders that ar...April 18, 2023 is the deadline for declaring your 2022 crypto activity as part of your 2022 U.S. federal income tax return. The 2022 tax year includes any activity between January 1, 2022 and December 31, 2022. Late filings, failure to pay taxes owed, and crypto tax evasion all carry penalties ranging from fines to jail sentences.Take a look at cryptotrader.tax, it automatically plugs in all your transactions and then optimizes your tax. 6. Crumbs4you. • 3 yr. ago. As long as you don’t get caught with Binance using vpn they could care less what you do, who you are, and where you’re from, you take it up with the IRS when that time comes. 1.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 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 .5 Mar 2024 ... This guide provides detailed tax information for students including the most common income, deductions, and credits available to them.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 ... ….

In otherwords, if you work a day job making 50k and get 40k in dividends (for a total income of 90k) you pay tax on all your dividends. Good point, but the taxes paid on those dividends is only 15%. income from your job with medicare, social security and federal tax from 40-90k income will be much higher.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.If you do so, there's no need to file Form 4868, Application for Automatic Extension of Time to File a U.S. Individual Income Tax. Return. Payment options.Nothing is taxed until you withdraw it from your IRA (i.e. make a distribution). If you make a distribution of $1000, then that $1000 is treated as ordinary income, for tax purposes. If SPAXX is your "core" account, then you would need to ensure it contains at least $1000 before making the distribution.Penalties for Past Due Taxes. Open All. What happens if I don't file my tax report?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. …Find tax filing tips that can boost your refund with H&R Block. We have 60 years of expertise. Education. Find out how student loan, scholarships and other ...An unofficial, civil, and helpful community to discuss filing your taxes with Intuit TurboTax. Turbo tax advance already accepted and received advance 2023 taxes. Helpful information. First year using turbo tax. Completed taxes yesterday and already accepted by the irs today and received the advance within minutes.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 ... 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]