Written by Chuck @ Doctor Of Credit
There’s been a lot of discussion about the new 2022 federal rule strengthening the requirement for payment processors to issue a form 1099-K, see Stimulus Bill Requires Payment Processors (like Paypal) To Report Earnings of $600+ on 1099-K T. The new rule lowering the threshold to $600+ goes into effect for year 2022. There are […]
Category: taxes
Get 1,000 Southwest Points When Using Any Version Of TurboTax (Includes Free Version)
Written by Chuck @ Doctor Of Credit
File with TurboTax and get 1,000 Southwest points when you click through the Rapid Rewards Shopping portal.
TurboTax Online Federal Products qualifying for 1,000 Rapid Rewards bonus points are the 2019 online version of TurboTax Free Edition, TurboTax Deluxe, TurboTax Premier, TurboTax Self-Employed, and TurboTax Live.
Read MoreCredit Karma Tax Now ‘Cash App Taxes’
Written by William Charles @ Doctor Of Credit
Credit Karma tax has now rebranded and is called ‘Cash App Taxes‘. There are no fees to use the service, but you do need to log into your cash app account to be eligible to use the service. Intuit had previously purchased Credit Karma for a huge amount, as part of that deal the Justice […]
Stimulus Bill Requires Payment Processors (like Paypal) To Report Earnings of $600+ on 1099-K Tax Form
Written by Chuck @ Doctor Of Credit
(Seems the final version of the bill DOES have section 9674, so we are on the hook for this after all. Bummer!) Beginning on January 1, 2022, third party payment processors will have to report any income for goods or services exceeding $600 during the calendar year on a form 1099-K.
[Arizona State] Donate $1,100+ And Get It Back With Tax Credit ($2,200+ Per Couple)
Written by Chuck @ Doctor Of Credit
Reader Ana Acosta and some Reddit users let us know about a few tax credit opportunities for residents of Arizona. It can amount to at least $1,100 per person ($2,200 for a couple) which gets fully refunded on your tax return and thus costs you nothing – assuming you have a tax burden of at […]
DLD 356: Celebratory deaths
Written by Seth Miller @ Wandering Aramean
So much noise for a handful of new routes. Is it really worth the hype? Plus an airline blocks customers and a hotel sues its parent brand.
The post DLD 356: Celebratory deaths appeared first on Wandering Aramean.
DLD 356: Celebratory deaths
Written by Seth Miller @ Dots, Lines & Destinations
So much noise for a handful of new routes. Is it really worth the hype? Plus an airline blocks customers and a hotel sues its parent brand.
InterCaribbean growing fleet, gauge, as Caribbean market recovers
Written by Seth Miller @ PaxEx.Aero
As the Caribbean market awakens from a COVID-induced slumber the opportunities for growth are myriad, and InterCaribbean aims to fill in the gaps, offering connections and cargo service throughout the region.
The post InterCaribbean growing fleet, gaug…
NYC Hotels Will Soon Be Cheaper (But I Don’t Think All The Hotels Know It)
Written by SharonKurheg @ Your Mileage May Vary
As people begin to travel again, they’re probably noticing that prices for many aspects of that travel have become significantly more expensive. Prices for airline tickets and rental cars have…
The post NYC Hotels Will Soon Be Cheaper (But I Don’t Think All The Hotels Know It) appeared first on Your Mileage May Vary.
Read MoreDLD 329: Dots, Lines & Losers
Written by Seth Miller @ Wandering Aramean
Is this a good episode title? Probably not. Is it a good episode, though??
The post DLD 329: Dots, Lines & Losers appeared first on Wandering Aramean.
DLD 329: Dots, Lines & Losers
Written by Seth Miller @ Wandering Aramean
Is this a good episode title? Probably not. Is it a good episode, though??
The post DLD 329: Dots, Lines & Losers appeared first on Wandering Aramean.
[Update] Stimulus Round 3: $1,400 Checks; Increased Benefits for Unemployment, Food Stamps, Child Credits & More
Written by Chuck @ Doctor Of Credit
Update 3/25/21: IRS has released guidance indicating that unemployment income (all of it – even above $10,200) does not count toward the $150,000/$75,000 income threshold. This makes a lot more people eligible for the $1,400 stimulus checks. Hat tip to CNBC and Dansdeals Original Post: Congress passed a third major stimulus bill today, and it’s […]
DLD 329: Dots, Lines & Losers
Written by Seth Miller @ Dots, Lines & Destinations
Is this a good episode title? Probably not. Is it a good episode, though??
IRS Delays U.S. Tax Deadline For One Month
Written by Chuck @ Doctor Of Credit
The IRS has delayed the U.S. tax deadline for a month due to the pandemic. CNBC reports the new deadline will be on May 15th, a Saturday, while Bloomberg reports that it’s still up in the air whether it’ll be May 15th or May 17th. You can always file for an extension which gives you […]
$1,400 Stimulus Deposits Already Showing for Some
Written by Chuck @ Doctor Of Credit
Readers report Friday already getting their $1,400 stimulus deposits. That’s record speed given the bill was just signed into law on Thursday. Good news! Now go out and spend it. 😉 Hopefully it’ll show Monday or Tuesday for everyone else. In some cases it might be slower bank processing time and it could also be […]
Stimulus Bill Requires Payment Processors (like Paypal) To Report Earnings of $600+ on 1099-K Tax Form
Written by Chuck @ Doctor Of Credit
(Seems the final version of the bill DOES have section 9674, so we are on the hook for this after all. Bummer!) Beginning on January 1, 2022, third party payment processors will have to report any income for goods or services exceeding $600 during the calendar year on a form 1099-K.
Stimulus Round 3: $1,400 Checks; Increased Benefits for Unemployment, Food Stamps, Child Credits & More
Written by Chuck @ Doctor Of Credit
Congress passed a third major stimulus bill today, and it’s expected to soon be signed into law by the President. $1,400 Checks $1,400 in direct payments to each U.S. resident and citizen, including minors and dependents with no limit. Calculator can be found here. Eligibility will be based on your 2019 or 2020 tax return […]
Swagbucks/Shopathome: Get $4 Cashback with Free Credit Karma Tax Filing
Written by Chuck @ Doctor Of Credit
Swagbucks is offering 400SB ($4) cashback when using filing your tax return with Credit Karma’s free filing service.
Tax Court Rules Cash Reward Profits from Credit Card Manufactured Spend to be Taxable
Written by Chuck @ Doctor Of Credit
There’s an interesting ruling which came down from a tax court yesterday with regards to a couple who used their Old Blue Cash card to earn 5% cash back to buy Visa gift cards, convert them to money orders, and profit on the exchange. They spent over $6million during 2013 and 2014, and generated over […]