A lot of good info here but nobody mentioned that the timesheet might be misleading you. Your total pay is still $520 ($327 taxable wages + $193 non-taxable reimbursement). You're not losing money - the company is just separating the taxable from non-taxable portions as they should. Check your final paystub - you should see: - Gross earnings: $327 - Mileage reimbursement: $193 - Total: $520 (before tax withholding) Then taxes would only be calculated on the $327 portion.

This is a really helpful thread! I'm also a delivery driver and was confused about the same thing on my paystubs. Just to add one more perspective - make sure you're keeping good records of your actual miles driven vs. what your employer is reimbursing you for. In my case, I noticed my employer was only reimbursing me for "delivery miles" (the distance between stops) but not for the miles I drove to get to my first delivery or back home from my last one. Those "deadhead" miles can add up over time. Since the reimbursement rate is meant to cover all your vehicle costs (gas, wear and tear, depreciation, etc.), you want to make sure you're being reimbursed fairly for all business-related driving. If there's a significant gap, it might be worth discussing with your employer or at least tracking those unreimbursed miles for your own records.

I'm a tax preparer and see this situation frequently during tax season. Here are a few additional points that might help: If you were on Medicaid for the entire year and didn't receive any advance premium tax credits (APTC), you typically won't need Form 1095-A for your tax return. The 1095-A is primarily needed when you received APTC that needs to be reconciled with the Premium Tax Credit on your tax return. However, if you paid premiums for any months and received APTC, you'll definitely need the form. For those still waiting, here's what I tell my clients: 1. The Marketplace is legally required to provide a corrected or replacement 1095-A within 30 days of your request 2. You can file Form 8962 (Premium Tax Credit) without the 1095-A if you have all the required information from other sources, but this increases audit risk 3. If you're missing the SLCSP amounts specifically, the healthcare.gov lookup tool mentioned earlier is your best bet - just make sure you're using the correct effective dates for each month One last tip: if you received unemployment benefits in 2024, there may be additional Premium Tax Credit provisions that apply to your situation, so definitely consult the IRS guidance or a tax professional.

I just went through this nightmare myself and wanted to share what finally worked for me. After weeks of trying to get my 1095-A, I discovered that my state exchange (not healthcare.gov) had a completely separate portal for tax documents that I didn't even know existed. If you're in a state that runs its own marketplace (like California, New York, Massachusetts, etc.), definitely check your state exchange website directly rather than just healthcare.gov. I found mine by googling "[my state] health insurance marketplace tax forms" and it led me to a different login portal than the one I'd been using all along. Also, for anyone dealing with the SLCSP calculation - I learned that if you had coverage changes during the year (like switching from marketplace to Medicaid or vice versa), the SLCSP amount can actually change month to month based on your circumstances. So even if you find the lookup tool, make sure you're calculating it separately for each month you had marketplace coverage, not just using one annual amount. One more thing - if you're really stuck and need to file soon, some tax software will let you enter estimated amounts and then amend your return later when you get the actual 1095-A. Not ideal, but it's an option if you're facing deadlines.

As a tax professional, I want to clarify a few key points that might help others in similar situations. The heavy SUV depreciation rules are indeed more favorable than regular passenger vehicle limits, but there are some important details to consider: 1. The $28,700 first-year deduction is specifically for SUVs over 6,000 lbs GVWR placed in service in 2025. This amount changes annually based on inflation adjustments. 2. For 100% business use claims, the IRS pays extra attention during audits. Make sure you have contemporaneous records - a simple logbook won't cut it if you're claiming zero personal use. You'll need detailed business purpose documentation for every trip. 3. Consider your state tax implications too. Some states don't conform to federal bonus depreciation rules, so you might face book-tax differences that complicate your state returns. 4. If you're considering this purchase near year-end, the timing of when you place the vehicle in service can significantly impact your depreciation schedule due to the half-year convention. The IRS has been particularly focused on heavy SUV deductions lately, so proper documentation is crucial. Better to be conservative with your business use percentage if there's any personal use at all.

I just wanted to add one more consideration that hasn't been mentioned yet - the impact of using this vehicle for client transportation. If you're in a service business where you occasionally transport clients (like real estate, consulting, or event planning), make sure you're properly covered from an insurance perspective. I learned this the hard way when my business insurance didn't initially cover client transportation in my $85k business SUV. Had to upgrade to commercial coverage that specifically included passenger liability. The additional premium was about $1,200 annually, but it's a necessary business expense that's also deductible. Also, if you do transport clients, those trips are definitely 100% business use and provide excellent documentation for IRS purposes - client meeting confirmations, appointment calendars, and even thank you emails from clients can all serve as contemporaneous records proving business purpose. Just something to keep in mind as you're setting up your documentation systems and insurance coverage for the new vehicle!

22 Okay this is what I do and it works perfect everytime. I claim 0 dependents but then add an ADDITIONAL amount on Line 4(c) of my W4. This is money they withhold ON TOP of the normal calculation. BUT...and this is important...I use a NEGATIVE number for my bonuses! So if I get a $20,000 bonus and they normally withhold 22% ($4,400), I'd put "-$1,500" on Line 4(c) just for that paycheck. That way they only withhold $2,900 instead. I always aim to owe about $500-1000 come tax time. That's the sweet spot - you don't get penalties but you're not lending money to Uncle Sam either!

This is such a timely discussion! I'm in a very similar situation - been getting $10k+ refunds for the past few years and I'm tired of waiting months to get my own money back. One thing I learned from my tax preparer last year is that bonus withholding is often the biggest culprit. When you get a bonus, payroll systems typically withhold at the flat 22% supplemental rate, but depending on your actual tax bracket, that might be way more than you actually owe. For example, if you're in the 12% bracket but your bonus gets withheld at 22%, you're giving the IRS an extra 10% that you'll eventually get back as a refund. On a $20k bonus, that's $2k of YOUR money tied up all year! I've found the best approach is to run the IRS withholding estimator twice a year - once after my annual bonus in March, and again in September to make sure I'm still on track. It takes about 15 minutes each time but has saved me from those massive refunds. The peace of mind of knowing I'm not dramatically overpaying is worth the small effort!

This entire thread has been such a perfect example of how the IRS correspondence system can create so much unnecessary anxiety! Reading through everyone's experiences really shows how common it is to receive these delayed Treasury letters that turn out to be routine administrative notices rather than problems. What strikes me most is the pattern that keeps emerging - the IRS automated systems seem to be quite efficient at catching calculation errors and making corrections (usually in taxpayers' favor), but their correspondence department runs months behind in explaining what they did. Oliver's education credit adjustment, Isabel's EITC correction, and Derek's $31 adjustment all follow the same timeline: quick processing and refund, followed by a mystery letter months later that turns out to be good news. For anyone new to this community or dealing with tax anxiety, this thread is such a great resource. The advice about setting up an online IRS account to check transcripts proactively instead of being surprised by delayed mail seems invaluable. And the general message that zero balance on transcripts is usually a good sign really helps put these situations in perspective. Thanks to everyone who shared their stories and resolutions - it's so helpful to see that these "scary" Treasury letters are often just slow paperwork catching up to corrections that were already made in our favor!

This thread has been such a lifesaver for my anxiety! I'm literally in the exact same situation - filed early this year, got my refund months ago, and just got a Treasury letter that's been sitting on my kitchen counter for three days because I've been too scared to open it. Reading about Oliver's education credit adjustment and all the similar stories from everyone else is finally giving me the courage to just rip the band-aid off. It's amazing how many people have had this same experience of delayed letters that turn out to be good news rather than problems. The advice about setting up an online IRS account is definitely something I need to do ASAP. I had no idea you could check transcripts and see notices before they arrive in the mail - that would have saved me so much stress over the past few days! Thanks to everyone who shared their experiences and resolutions. This community is incredible for helping people realize that these scary-looking Treasury letters are usually just slow paperwork catching up to routine adjustments. I'm going to open mine tonight and hopefully have a similar happy ending to report back!