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 Kevin Gamin on 2025-01-27 at 02:41

@temerity The company I currently work for is fully remote, so I work from home. Am I also able to write off my home office area?

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Descendants

Written by Temerity on 2025-01-27 at 03:24

@kevingamin unfortunately if you are a w2 employee you cannot. This deduction is available for 1099 self employed independent contractors.

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Written by Kevin Gamin on 2025-01-27 at 03:34

@temerity Got it. Thanks.

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