How Much Tax Refund You Expecting This Year?

[TL15]

How can you claim expenses a separate entity from yourself incurred against your personal wages. That sounds illegal. I'm not trying to be an a$$hole but man... please put me up on game.. I'm not trying to get fukked by the IRS

Great question (and I don’t think anything negative at all... I the question)

So (in California ) you can run a business and operate for three years without making a profit. So you can start a “business consulting company” where you are a freelance consultant. Open an LLC through legal zoom for a couple hundred dollars (which you can write off)

You can then expense a portion of your cell phone bill, internet bill, a percentage of your house rent if you have a dedicated office space, clothes, meals, etc.

When you file your taxes, you file your regular W2 for your job, and you’ll also file as a business owner. You’ll write off all of the things I mentioned (and more if you’re creative) so your overall “income” changes for the year. You made X at your day job, you lost Y, through your business.

 

[MikelArteta]

maybe a couple hundred if im lucky, i have nothing to claim and the government takes the exact amount for taxes o

 

[Cel 510 kid ados forever]

Y'all nikkaz got no kids u not getting nothing back.

 

[Collateral]

Around 3.5k. Planning on dabbling in that cryptocurrency wave

 

[☃ ೋ]

Around 3.5k. Planning on dabbling in that cryptocurrency wave

Every cent of it

 

[mannyrs13]

About 1200 to 1400 if I'm lucky. Usually get around that. Think I got like 1250 last year.

 

[Rain]

Usually get around 1100-1200. Hopefully I keep that trend

 

[75 Others]

Looking at about 15K

 

[Stick Up Kid]

Looking at about 15K

You wanna invest in my barbershop app?

 

[Stuntone]

I'm hoping about 3 or 4k. With no dependents.

 

[CodeBlaMeVi]

Less than $1000 probably close to $800.

 

[beenz]

Even with being out of work 3 months in 2017, I think we made far too much to be getting any kinda refund this year.

 

[75 Others]

You wanna invest in my barbershop app?

Naw most of that money going into fun money and the other is going towards home improvements

 

[levitate]

No idea.

We got back maybe $700 last year between state and fed. But we had our second child last year so I'm expecting at least another $1000 but I have no fukking idea.

I just know that we won't owe anything.

 

[Monsanto]

Government needs to refund me for this electronic recycling fee they tax on to our purchases.

Probably gonna owe because I moved up a bracket.