Creating a small income from a LinkedIn page? Hi all Just after some advice please. I started a LinkedIn page a few years ago and started posting virtual reality, augmented reality, mixed reality, artificial intelligence, drones, robotics and other emerging tech news and articles. It started to get some followers and I’ve got just under 30k followers at the moment, obviously mainly in those…

W-2 income for my spouse is somewhat high. How to check that? I am working on taxes, as always, married filling jointly, as always. Software shows comparison with previous year. My spouse is having something like $28.4k reported on w2. Problem is, that her contract that applied since August is something like 27.5k and her previous one was for less, and her previous year w2 was something like 18.8k I was e…

Stressing over retirement in a single income house… Just wanting to get input from others regarding retirement. My wife and I choose for her to be a stay at home mother when we had our first child. We current have two kids and she has been at home for 10 years now. Our youngest is getting ready to go to kindergarden so she’s going to possibly start job hunting for something to do while kids are i…

Can I put 100% of my second jobs income into 401k A second location of my main job got sold off and I stayed on part time to help out. It doesn’t contribute that much to my income but it helps me career wise as it gives me a little more sway with the distributors I order through by representing more of their accounts. Problem is since I only grossed like 7.5k from the second job their accounta…

IRS sent me a letter that says “Statement Showing Interest Income from the Internal Revenue Service”, where does the interest get paid to? I got a letter from the IRS saying “Statement Showing Interest Income from the Internal Revenue Service” which I understand to meant that they owe me money. The total interest was $16.22, but I checked all my bank accounts and do not see this amount anywhere. Where do they normally pay it out to? thanks! submitted by /u/SeparateFly

Significant Income Increase Hey yall- I was contracted into a position for the next year to where I will be making an extra minimum $6k/month, with the possibility of $12k/month on top of the ~$7k I already make. I have about $20k in CC debit, $17k is on an interest free card until September and $3k on an interest bearing card (These debts are all due to a divorce I’m sti…

Planning for the future on low/mid income? So I’m 25 years old and have and am making about 2200 a month with about I want to start getting serious about finances and setting for up my future. I have about 750 left each month after expenses. What’s the best way to invest and save to maximize gains? Edit: I’m currently trying to save for a home, so I’d like to factor that into my savings …

Is it wise to invest over 30 percent of income on a s&p 500 fund? I am a young person, age 20, and the idea of early retirement and compound money growth has taken over my brain recently. The fact that statistically speaking I could be financially safe in the next 15 years and very well off in 20 years is such a nice thought. However, my paycheck is not impressive whatsoever, earning consistently 22 bucks an h…

Tax withholding as a 1 income household I’m a SAHM and my husband is the sole income earner for our family. This has tapered over the last several years, I worked full time, then part time, then rarely, now not at all since we have more kids and he is making more money. This year we got a return of 11k when we filed. It’s gone up a little every year, but this is the biggest return ye…

Downsize to supplement low income or stay in house. Hello I am new here from AUS. I am late 40’s and I am wondering if it is better as single mother with 2 children 12 and 17 on low income due to disability to- 1) to have a house paid outright which is slowly withering and reducing the assets $ surviving paycheck to paycheck. Or 2) Sell/downsize to an apartment, pay ongoing body corp fees but hav…

1099 Question and Income Tax I have a W2 job for the past few years, recently added on a 1099 Job in August – massively dumb of me – wasn’t aware that we had to pay quarterly tax – I have some paperwork that I need to receive for my 1040 which will take probably 3 weeks…but should I just file my Income Tax after I receive my paperwork before the next quarterly period or s…

Traditional IRA Deduction Income Limits I am….wildly confused about whether or not we can get a deduction for contributing to a traditional IRA. Husband has a retirement plan through work. I do not have a retirement plan through work. The wording on the IRS website is incredibly confusing. The IRS uses the word “you” when explaining the deduction phaseout. Which you? On the one hand…

Roth IRA + Income question I believe the 2025 income limits for married couples is $236,000. (I know it goes up to $246,000 in some prorated fashion). This is for MAGI which as I understand it is income + (interest 1099’s) – 401k/TSP contributions – HSA contributions – medical premiums – dental premiums. So this year (2025) is first year I decided to contribute to my 401…

Low Income dad ($52k) with $15k to invest. Help! Top of the afternoon to you all. I am a young dad (27 years old) of 3 kids all under 6. I am going to do my best to get straight to the point but feel context is important. I am selling my house within the next 2 months and will be sitting on $70-75k in profit. I plan on paying off my debt (maybe $10k worth) then I want to create an emergency fu…

I contributed to my Roth IRA but my income is over the limit So I always contribute the max limit in the very beginning of the year so for 2024 year i contributed 7k basically in January. I’ve been contributing for a few years so I totally forgot about income limit I just always contribute all of it in January to max out return. But my income for 2024 ended up being over the limit for single filer but it …

Income planner/budget/bill planner? Is there a budget calendar out there? Something I can enter our monthly expenses, pay dates/pay amounts and it will break down what to pay and when? Preferably free if possible submitted by /u/neonwatermelon

These Nine States Will Have Lower Income Taxes This Year If you live in one of these states, you might notice a welcome change in your paycheck starting in 2025.

Spending 50% of my income to rent Please help if anyone has been in this situation. I make 2570 per month, i dont have debt and the apartment I’m thinking of moving into is a 10min walk to work which saves me money instead of buying a bus pass. The rent is considered Low income housing? (Calgary Housing company) and its 1270 with utitlies included except wifi and tenant insuranc…

What are my options for tax savings at my income level Hello, thanks for your time! 30F, NY I’m curious as to what my best options are to help minimize my tax burden. My total income was around $400,000 for 2024. I’m self employed (1099). I pay quarterly taxes. From what I can tell I can’t open a Roth IRA due to my income. Am I correct by saying I can do a back door Roth IRA but I can only contribut…

How do musicians make a liveable income these days? With no one buying physical media, streaming paying fractions of a penny, and touring margins being eaten away, how can music be a liveable career? Major acts are doing ok but they are few and far between. submitted by /u/tinpants44