MOD. Top ten FAQs for tax filing season. Taxes. Things to keep in mind for tax filing season (with clarifications edit: fixed to record some easy updates). You have to file federal taxes if you make enough money that you have tax liability, which is generally over about $12,200 gross for regular employment, and only $400 if you are self-employed. Oct 21, 2023 ... ... Reddit · Advertise · Help · Blog · Careers ... Need serious suggestions on tax saving, paying more than 1 lakh taxes ... This can r...penguinise. •. The major benefit of marriage is income averaging - the tax on one $200,000 income is much higher than the tax on two $100,000 incomes, but the tax on a couple making $200k is the same as on two singles making $100k, regardless of who earns it. If you make the same amount individually, there will be no difference once married.tax = income * .33 taxes = tax + 27929.72 percent = '33%' elif income >416901 and income < 418400: income = income - 416901 tax = income * .35 taxes = tax + 74332.17 percent = '35%' else: income = income - 418400 tax = income * .396 taxes = tax + 524,65 percent = '39.6%' if status == 'joint' and income < 18651: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. …Bloomberg reported Reddit's deal last month and pegged it at roughly $60 million in annual revenue. Reddit's AI deal resembles those more traditional media … 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. TaxAct vs. TurboTax 2024. Here's how TurboTax and TaxAct compare. By Alana Benson. , Sabrina Parys. and Tina Orem. Updated Mar 1, 2024. Edited by Chris …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.Tax Manager Advice for Current & Future Tax Staff. Based on a few posts I have seen recently, I thought I would add a post on a common misconception by tax staff. Too many new tax staff think of tax return preparation as if it is a college exam. (i.e. 3 review notes is an A, 6 is a B, 9 is a C etc.) Tax managers do not think of it 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 is experiencing significant and extended delays in processing - everything. …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.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 IPO could set the foundation for others going public in 2024. Here are the bank stocks that could get a big boost. Reddit , which claims to be "the front …Make smart choices this tax season and save with TaxSlayer! Use our promo code to enjoy a 15% discount on the Classic Package – now priced at only $19.51, down from $22.95.When you are adding up all your sales, do you account for the sales tax that etsy charged the customer? Or do you just not count that at all and just show the sale price as the item price+shipping? (USA) Your gross sales are shown on the legal and Taxes page of your Finance tab. It does not include sales tax because you did not receive any of ...Jan 30, 2024 ... Tax Tip 2022-52, April 5, 2022 — Taxpayers who can't pay the full amount of federal taxes they owe should file their tax return on time and ...Mar 1, 2024 ... Best Tax Software for Small Business. SELECT. All Taxes · Filing For Free · Best Tax Software · Best Tax Software for Small Businesses ·...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, …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. 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. 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%.Jan 24, 2024 ... Learn the characteristics of a tax return that triggers audits by the IRS – then how to avoid them with a comprehensive guide.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.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 community for TheFinanceNewsletter.com and its 50,000+ readers! (We debate & discuss money, finance, investing, stocks, financial news, personal finance, real estate, crypto and building wealth from different perspectives to understand different points of views). Upvotes & Downvotes moderate this sub.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.View community ranking In the Top 10% of largest communities on Reddit. Tax Exempt Form 1 question . So the tax exempt form 1s are now live on Silencer Shop that pertain to the brace ruling, I have been holding onto my invoice which shows I purchased the firearm on January 12th in which I want to form 1. My question is in regards to the ... 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. 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. 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.news and updates for tax professionals. r/taxpros: A community for Redditors who are tax professionals to discuss professional development, firm procedures, news, policy, …A: Tax law changes have been on everyone’s mind lately. The tax changes impacting most of us are standard deductions and child tax credits. Standard deductions have nearly …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 …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 …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 ...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. … 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. 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!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.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 ...Tax Pros. So many people in this subreddit need to seek out tax preparation from an accountant or EA who does tax work all year long. The cost of tax preparation will save you much more than the underreporting penalties many are bound to face at some point. Start early, build a relationship with them and have someone on your …There is no tax on fx cfd's. Otherwise Short term gains are taxed higher and long term gains are taxed lower only if your broker takes your tax details prior to completing registration. LeanneLueilwitz. • 1 yr. ago. You won’t find a suitable answer if you keep searching on Reddit and don’t ask a tax expert. r/Forex.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 ...RR strengthened their squad in the IPL 2024 auction by acquiring the likes of Rovman Powell, Shubham Dubey, Tom Kohler-Cadmore, Abid Mushtaq and Nandre …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.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 ...3). Tax Deferred - I-bonds do not throw off interest. You only owe tax on the internally compounding interest once the bonds are cashed in, which means you control when you pay tax. Always a good thing! 4). Inflation Protection - I-Bonds are guaranteed to grow with the general inflation rate, as measured by the CPI. 5).This will also effectively reduce your 3 month penalty by 1 month if you hold for less than 5 years, and give you a 1 month bonus if you hold for more than 5 years. Purchase more than $10,000 per year: You can purchase up to $5,000 in additional paper I bonds per year via your tax return, making the total yearly purchase limit $15,000.Tax Slayer sucks, and will FUCK YOU OVER at the worst possible time. DO NOT USE THEM. Right now, on TAX DAY, their servers are repeatedly crashing, giving a BS "there was an error, and it was probably your fault" screen. I am halfway through entering hundreds of capital gains entries in my return through Tax Slayer, and …Dec 15, 2023 ... r/snazzysnail8 My apologies for a late response, it's best to contact me via DM as I'm not on Reddit each day. I'm just seeing your reply ...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.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. 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. 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 …d3sign | Moment | Getty Images. Tax season 2022 may have started just one week ago, but some people say they’ve already received their refunds from the IRS. …View community ranking In the Top 10% of largest communities on Reddit. Tax Exempt Form 1 question . So the tax exempt form 1s are now live on Silencer Shop that pertain to the brace ruling, I have been holding onto my invoice which shows I purchased the firearm on January 12th in which I want to form 1. My question is in regards to the ... Free Tax Resources for 2024. This week is the official start of the 2024 tax season and I wanted to take a quick moment to share 2 valuable opportunities for free tax prep services. Using the software is a great way to lean about what all goes into your tax calculation and ultimately to gives you more insight into how to make strong financial ... Rent and expenses will both go up year on year by 3%. 3. All profits will be used to pay of the capital. (in the LTD company this will be after paying 19% corp tax. Personally this will be after paying 40% tax up until 50 and then 20%. 4. I will be a 40% tax payer up until 50 and then a 20% tax payer onwards. 5. Well even if that comes from Traditional, your federal taxes on this is only around $2k ($50k taxable, but $30k standard deduction). That means you're only pay 4% in federal taxes from your $30k conversion + $20k living expense. That 4% is a lot lower than the 10-12% you would pay to make Roth contributions today.In today’s digital age, having a strong online presence is crucial for the success of any website. With millions of users and a vast variety of communities, Reddit has emerged as o...Bloomberg reported Reddit's deal last month and pegged it at roughly $60 million in annual revenue. Reddit's AI deal resembles those more traditional media …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...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. ... Today is the first day I ever had to fill a tax return in the US, tried to use TurboTax but I just kept receiving this “there were some problems, try again later” when trying to create my ...Tax Preparation by Accountants in this tax season. The world suffers from the outbreak of COVID-19, and hence the accounting industry. It has been a difficult time for tax professionals as the tax season is underway and tax day is in the corner. Due to Covid-19 outbreak, the income tax deadline is extended from April 15th, 2020 to July 15th, 2020.I have changed icons and security answers a few times with my bank, and that doesn't work either. I did find the account and routing number for where my refund went. I found it on my tax return. They replaced my acc & rout number with theirs. It's MVB bank in Allen,Texas, phone number is West Virginia. 304-368-2180.Best of luck !!! Call the IRS customer support number at 1-800-829-0922 -or- 800-829-1040 Choose your language (1 for English) Dial 2 – “For answers about your personal income tax…”. Dial 1 – “For questions about a form you have already submitted…”. Dial 3 – “For all other questions…”.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.hazelnut-icedcoffee. IRS Tax Refund... FINALLY. Rejoice. After checking every single day for 3 months, my tax refund finally got approved!! Filed on April 20, 2021. Accepted on April 26, 2021. Approved July 31, 2021 to be deposited on Aug 4th. I was told that I was in the errors department, most likely because I had claimed … 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 $243,725 ($487,450 for married couples filing jointly) 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...Tax lien investing is a real thing. However, my impression is that a tax lien holder does not own the underlying real estate after purchasing the tax lien. The property owner could still pay you back and reclaim his/her property. So, even if a tax lien holder wins a tax lien auction, possessing the real estate, refurbishing it, getting tenants ...I donate money to the charity, and I then don't have to pay taxes on the money donated - imagine I made $1,000,000 that year, and spent $350k on a yacht through the charity. I would deduct the 350k from my 1m income, and have only 650k to pay taxes on. If my tax rate is 35%, I went from paying $350k in taxes to paying $227.5k. And I got a $350k ...Bloomberg reported Reddit's deal last month and pegged it at roughly $60 million in annual revenue. Reddit's AI deal resembles those more traditional media …Advertising on Reddit can be a great way to reach a large, engaged audience. With millions of active users and page views per month, Reddit is one of the more popular websites for ...TurboTax is a software package that helps you file your taxes. It is one of the most popular tax programs available, and for a good reason. It is easy to use and can help you get y...Not just EVMs but every autonomous institution of the country, be it the ED, CBI or Income Tax department, have traded their spines to the Centre," Rahul Gandhi …One solution I've seen for other tax issues where 1099-NEC's are handed out but are misclassified, is the taxpayer just filling out the Sch C with the 1099 income and then backing it out with an expense for the same amount and a description of where it should be, and then properly reporting it where it should go, in this case a Schedule 1.To help us process your return more quickly, verify your identity and tax return information. If you recently received a letter from us, follow the instructions on the letter. Please have your tax return (Form 1040 series) available and read the website or letter before starting the verification process.TaxAct vs. TurboTax 2024. Here's how TurboTax and TaxAct compare. By Alana Benson. , Sabrina Parys. and Tina Orem. Updated Mar 1, 2024. Edited by Chris …Jan 6, 2024 ... Your credits are limited because the income is so low. The way both work, you get more credit as the income increases, then it plateaus for a ...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. …SECTION 2: Types of taxes associated with crypto and their rates 2A Income Tax. Your tax liability for certain cryptocurrency transactions (listed and explained in section 3) will be based on one of the seven tax rates that apply to you based on your adjusted gross income and filing status.. The proceeds you receive from qualifying transactions will be taxed …It doesn’t where I live, everything in the online store is the exact price as stated, no tax or extra fees. Proof. Also no I don’t live in Oregon. PSN store just doesn’t have tax. Yes. Yes. Your local and state sales tax apply. The only state you don't have to pay taxes for is Oregon in the USA.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.I donate money to the charity, and I then don't have to pay taxes on the money donated - imagine I made $1,000,000 that year, and spent $350k on a yacht through the charity. I would deduct the 350k from my 1m income, and have only 650k to pay taxes on. If my tax rate is 35%, I went from paying $350k in taxes to paying $227.5k. And I got a $350k ...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 …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 … 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. tax = income * .33 taxes = tax + 27929.72 percent = '33%' elif income >416901 and income < 418400: income = income - 416901 tax = income * .35 taxes = tax + 74332.17 percent = '35%' else: income = income - 418400 tax = income * .396 taxes = tax + 524,65 percent = '39.6%' if status == 'joint' and income < 18651:
true, but if you file by paper it could take months/years for the irs to process your return. they are still working through the backlog of paper returns from the 2020 tax year. And it's only free if you make less than 50k, at least that's the way it was last year. That was the Free File program that Intuit left.. Best lactose free protein powder
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.So the whole thing, seen as a body of law, gets to be very big and very complex. Each individual aspect of it is relatively simple, but there's just so much, it looks like a big, complicated thing. Taxes are complicated because people want to use taxation as a way to encourage or discourage behaviors.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.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.Sep 1, 2018 ... Property tax is a thing precisely because it's hard to evade. For any given parcel of land someone must own it. So who pays the tax can change, ...Tax Slayer sucks, and will FUCK YOU OVER at the worst possible time. DO NOT USE THEM. Right now, on TAX DAY, their servers are repeatedly crashing, giving a BS "there was an error, and it was probably your fault" screen. I am halfway through entering hundreds of capital gains entries in my return through Tax Slayer, and …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. …Generally, your income tax is based on where you’re physically located when earning the income. So, if your job’s office is in state A, but because of the pandemic you’re living and working ...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.Tax Pros. So many people in this subreddit need to seek out tax preparation from an accountant or EA who does tax work all year long. The cost of tax preparation will save you much more than the underreporting penalties many are bound to face at some point. Start early, build a relationship with them and have someone on your …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 …(-4.00%) -$0.61. Current Price. $14.65. Price as of March 8, 2024, 4:00 p.m. ET. Made a profit after getting a stock tip from Reddit? Here's how much tax you may …Tax calculators are useful for those who would like to know information about their take-home pay after deductions occur. Here are some tips you should follow to learn how to use 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.March 18, 2024 at 7:00 AM PDT. Reddit Inc. Chief Executive Officer Steve Huffman has run the site for the better part of a decade. His tenure has been marked by …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.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. ... raids, deportations, etc. /r/immigration is protesting Reddit's API changes. The lack of notice from Reddit, exorbitant pricing and terrible official apps are unacceptable. More information at ...You’re forgetting to multiply your income times 0.9235 (92.35%) and then multiply times 0.153 (15.3%) to figure out your SE tax. You do this after deducting your mileage. Reply reply. tallgirlmom. •. I am aware of that. Note that I wrote to multiply 15.3% with your “net earnings from self employment”..