Ancestors

Written by Temerity on 2025-01-25 at 18:34

Free tax advice from your anarchist accountant:

(USA federal income tax)(1099 NEC) If you are self employed and work from home, measure the square footage of your 'home office' (or whatever your workspace is), find out what percentage it is of the square footage of your house, and deduct that percentage of your annual rent and all of your utility bills for the year from your taxes as a work expense.

(USA federal income tax) If you are taking classes check and see if you qualify for the AOTC tax credit. You don't need a form 1098T from your school necessarily, (most schools will not make these available to you until Jan 31st), but you can claim up to a $2,500 deduction on tuition expenses, text book expenses, and other school supplies like computers.

(USA general advice) If you are paying someone for a product on venmo, no you're not. Use like a pizza emoji or something in the description and never check the box that says you're purchasing a product. That's extremely rude and tells venmo to report the money you gave that person as taxable income. So rude, don't do it, especially at like fundraisers, bake sales and shit like that.

Fuck turbo tax. Use Freetaxusa if doing your own taxes. (free USA federal income tax filing and state tax filing for like $20)

Every tax dollar you manage to get back in refunds is a dollar you took away from the American war machine.

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Toot

Written by Angela Glansbury 🚽 on 2025-01-26 at 03:13

@temerity

not an accountant but can confirm the advice on claiming a portion of your rent, laptop, mobile, utilities, etc as business expense is good for the UK. Here if you don't take the piss you have a great deal of leeway in how you calculate the percentage. don't worry about starving the NHS of your taxes. the UKs discretionary tax spend is all cops, military and grants for big data firms.

Venmo advice also good.

Use cash, you have a gifting limit in the uk you are not likely to reach and it is disgusting your gifts to waiting staff are taxed as income if the uk tax authorities know about it.

another reason to circulate cash in your community. cash doesn't care what it is spent on, telephone calls to translation services and immigration lawyers for example.

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Descendants