Tax time is coming!

I've been diligent about tracking mileage this year and I update my spreadsheet every few days. I will definitely say, it is easier to keep up with it than to catch up!

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Also remember, it’s 58.5 cents per business mile from 01/01/22 to 06/30/22, then 62.5 cents per business mile from 07/01/22 to 12/31/22.

I haven't updated my spreadsheet since March.

"I told myself to quit you; but I don't listen to drunks." -Chris Stapleton

From the title, I thought there would be discussion about...

...third-party payment networks will be required to send 1099-K forms to workers or sellers who have earned more than $600 in a year, down from prior thresholds of $20,000 a year and 200 transactions.

There have been multiple discussions of this for the past 12 months or so. Several threads addressed this in the last 30 days. You should be able to search for them.

@maverick1 wrote:

From the title, I thought there would be discussion about...

...third-party payment networks will be required to send 1099-K forms to workers or sellers who have earned more than $600 in a year, down from prior thresholds of $20,000 a year and 200 transactions.

Shopping Southeast Pennsylvania, Delaware above the canal, and South Jersey since 2008

I know, I know...I'm the financial independence retire early (FIRE) person. I understand personal finance very well, the 4% rule, spend less than you earn, etc. I just thought I'd gain some insight from the shopper community folks who put this corrupt family into office with all the great policies for the people. /s

Next year (2023) will harbor more financial burdens with consumers going deeper into debt and increased layoffs. That will be the price for addressing inflation so late in the business cycle.

I don't see any meaningful relief for households until 2024.

FYI...regarding tax software:
Newegg.com has H&R Block 2022 Deluxe + State Tax (Windows, Digital Download) for $34.99 - $12.50 w/ promo code DCLBZA3338 = $22.49.
[www.newegg.com]

@myst4au wrote:

There have been multiple discussions of this for the past 12 months or so. Several threads addressed this in the last 30 days. You should be able to search for them.
@maverick1 wrote:

From the title, I thought there would be discussion about...

...third-party payment networks will be required to send 1099-K forms to workers or sellers who have earned more than $600 in a year, down from prior thresholds of $20,000 a year and 200 transactions.

Edited 1 time(s). Last edit at 12/18/2022 12:25PM by maverick1.

I only did a handful of mystery shops each month. I did almost zero driving to perform them.

It will only take me a few minutes to add up what I made in fees. That part is nice.

Edited 1 time(s). Last edit at 12/22/2022 06:52PM by prince.

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Tax time is coming!

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