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Ungratek posted:Man refuses to open mailbox to defer income -IRS hates this one weird trick!! All jokes aside, it's hard to open your mailbox if you're in a different county or state.
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Dec 22, 2022 06:13
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SamDabbers posted:I took advantage of a Black Friday trade-in deal on a new cell phone this year. The phone was $800, I got a $500 rebate for the old phone, and I paid the $300 difference. I then sold the new phone for $700 on Swappa and got paid for it using Paypal. Btw, the implementation of this has been delayed a year. https://www.cnbc.com/2022/12/23/irs-delays-tax-reporting-change-for-1099-k-on-venmo-paypal-payments.html
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Dec 24, 2022 07:52
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MadDogMike posted:LOL, and yet another thing I got pushed on to prepare for next tax season gets pushed back or changed right after I pass the test on it. Not quite as funny as watching Congress debate it while I was studying though like one year. So maybe you can answer then: This is all fine and dandy for gig workers that are supposed to file schedule C anyway, but for rando people selling old crap on eBay (which are personal items sold at a loss and therefore nondeductible), how are they supposed to indicate that?
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Dec 25, 2022 09:35
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Oh, they got rid of the $300 deduction for cash donations to qualified charities?
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Jan 24, 2023 01:22
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Missing Donut posted:It was bad tax law. It’s essentially unauditable with little additional funds going toward charitable coffers. They might as well have just increased the standard deduction across the board. That's too bad. I liked the idea, personally. Especially post-TCJA, few people itemize.
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Jan 26, 2023 08:56
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Hopefully this is the appropriate thread but -- I have an LFSA [for dental and vision] and a general HSA. I assume if I have an expensive dental procedure that my LFSA doesn't fully cover, I can use whatever is in the LFSA and bill the HSA for the rest?
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Mar 16, 2023 10:15
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The problem here is that if you live in that other state, you can potentially create a Nexus for your employer, meaning the State could hold them liable for corporate income taxes and so forth. This is one of those things I wish Congress would finally sort out.
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Apr 3, 2023 19:49
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Flora Finching posted:Okay I didn't get a 1099G. I'll have to go to EDD and request one, it's not available on my account so I wasn't sure if it would be the same. Thank you! Were you unemployed? IIRC unless something has changed recently, CA SDI is only taxable if you were unemployed. If you were employed before and after, it's not taxable. https://edd.ca.gov/en/disability/SDI_FAQ_for_1099G/ quote:In most cases, Disability Insurance (DI) benefits are not taxable. But, if you are receiving unemployment, but then become ill or injured and begin receiving DI benefits, the DI benefits are considered to be a substitute for unemployment benefits, which are taxable.
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Mar 25, 2024 23:02
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