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make sure ur claiming all them expenses on that 1099 income! mileage, home office, supplies n stuff can help offset the SE tax šÆ
Detailed breakdown: Your household income puts you in prime territory for max EITC. With 3 kids and combined income of ~$60.5k, you're looking at substantial credits. However, you'll owe ~$3,100 in SE tax on 1099 income. After factoring Child Tax Credits, EITC, and SE tax, $2,800 might be low. I'd strongly recommend using taxr.ai (https://taxr.ai) to get an exact calculation - it'll analyze all potential credits and deductions. Just upload your docs and it'll give you a complete picture. Worth the $1 to know exactly where you stand.
this is the real answer right here! ā¬ļø
dont waste ur time tracking the as of date. i got my refund 2 weeks before my as of date last year
Friendly reminder that checking your transcript 47 times a day wont make it process any faster š
feeling attacked rn š
we've all been there bestie š
WMR is useless imo, never shows the real status š¤®
nah just regular credits and EIC
Nia Johnson
im in the same boat rn. tried calling the unemployment office but its impossible to get thru. anyone know if theres an email or online form to request payment plan?
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CyberNinja
ā¢try their website. most states have online portals now where u can apply for payment plans
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Mateo Lopez
whatever u do dont ignore it. i did and now im stuck paying wayyy more in penalties and interest. setup that payment plan asap!
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