ah so it’s to late to do it
For Tax Year 2014, yeah, it’s too late.
If you didn’t include your loan interest in your deductions, you missed out on A LOOOOOT of money. I think imma go to H&R Block next year because I think there are some tax deductions I missed this year though I really don’t think so. I will have more deductions for this year (2015) so i want make sure I get them. I hope H&R cut some slack though. I hope they don’t charge $200 though that’s what my coworker told me. What we all need is a CPA waifu so she cook, clean, do your tax returns, then do you.
Wait so there’s still time to do I for 2015? Just to be sure I can use my loan intrest towards my tax return? Or I’m suppose to use it to have my taxes reduced form what’s taken from my checks?
Worry about your taxes next year.
I lost close to 40k this year in taxes alone. I figure the best way to make $ is to minimize the tax rape but as an employee there doesn’t seem like much room to do this…Any ideas?
To lose that much money in taxes in a business you don’t own and as their employee, you have to be making like $130-150K. Do you hold government secrets or some shit?
To answer your question - No I do not. I’m on the lower end of your projections.
I just want to save like 300k+ and open my own business so I can make a lot more money, employ other people to do the b*tch work so I can live in either the Ukraine or Colombia where the women are hot and aren’t spoiled by socialism and poisoned by Feminism.
I have no idea how filing an amended return goes though. This may be a situation where you want to consult a tax professional.
Oh so just leave mone on the table? nah bruh every dollar counts for me.
Depends on your income. It is capped at 2500 if you make less than 60000 and double that if you are married filing jointly, which means that to not be in the negative with your student loans every year (assuming you have the current 6.8% interest) rate you’d need to owe less than 36700 on your student loans. I paid my wife’s student loans off last year, it was glorious! In general student loans are the bane of our generation, and if you double down on them you will be one step ahead of your peers. The current student loan rates are highway robbery, and most student loan servicers have the minimum payment so low that it will take 15 years or more to pay them off. http://blog.turbotax.intuit.com/2012/09/19/is-my-student-loan-tax-deductible/
Yeah, paying my car, paying off my student loan, it was as if I had gotten a huuuuge raise. I was gonna go full American Dream and put down 20% on a nice home this year, but shit really hit the fan for me this year. I hope that I can at least soften the blow with some of these medical expense tax deductions.
http://www.irs.gov/taxtopics/tc502.html
I guess one might say, know how to live it up when the wind blows your way and know how to make contingency plans when that ground ball takes a weird hop.
I’ve basically been on saving money. There are little things I do to save money. One is I never spend single dollar bills. I just put them in a box and count at the end of the month. Basically saving change and singles goes a long way. I deposit it into my savings at the end of the month.
I have a very old school way of saving money.
I do that to. Thought I was the only one
That is old-school; I respect that. I posted before how I save but to reiterate: Whenever my work wires over $$ to main account, a certain amount automatically is deducted and send over to a 2nd savings account. I used to do it manually but I got lazy over the years and just asked the bank to set it up for me. It works wonderfully if you are lazy like me. It’s benefit is cray:
- It forces ‘you’ to save.
- It also forces you to work with whatever you have in your main account. I don’t have access to the 2nd savings account via card nor atm. It’s a great deterrent.
It’s hard on the first few tries because I was thinking, ‘damn man, i’m not getting all my salary’ but afterwards I adjusted and learned to deal with whatever I have from main accnt. It amazes me when I look at the 2nd account at the end of the year, i’d be like ‘dayum…i saved that much this year? But i was buying cool shit/going on vaca etc…’.
Also, another way of looking at loans: once you pay it full, it will be like getting a raise because you’d have this ‘extra $$’ every month now since its gone(i.e car loan, edu loan).
Hey I have a talent for art. mainly hand drawing/sketching and I know a lil photoshop and adobe illustrator from the few months I took a multi media class at a private college. Is there any way I could maybe use the money I have to invest further in m talent and possibly make some money on the side with it? Nothing to live off of ( Though I’m not ignoring that possibility) But some extra income would be nice. Would be a big help to knocking off these student loans and other debts sooner.
yes. It’s called doing commissions.
Do you have a car & license and access to a smart phone? You can be an Uber driver. Not sure on the specifics of costs and income but it’s something anyone that wants to trade their time for money can do. And then of course there’s gay for pay. 
I know about commissions but how does one go about getting into that? This is probably a question I should be asking in a art thread or something.
You get your art out there.
Go through tumblr and deviant art and post your artwork out and if people like it they’ll ask for commissions.
Probably wont get anything for a bit unless your shit is some hot fire, but if your pages get more popular it’ll come in.