#owe

I owe 18k to the IRS

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I owe 18k to the IRS Because I’m an idiot and have been doing my taxes wrong for 5 years. To be clear I’m not trying to get out of this. I realize I made a mistake and it’s my responsibility to fix it, I just want to do that in the smartest way possible. Also, I wasn’t partying with this money, I was paying on my student loans. I don’t think I can qualify for an of…

Reddit Personal Finance 435 2025-01-14

Owe 7k on a loan at 18.

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Owe 7k on a loan at 18. Okay so in the summer I bought a car from some sketchy dealership for about 8k. And the car has had loads of problems since then so me and my parents were deciding to try to sell it before more things break. The turbo blew and catalytic converter went bad. Well anyways, my car ran out of oil when I was driving it and the engine completely seized…

Reddit Personal Finance 607 2024-12-28

Selling car I still owe

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Selling car I still owe Can I sell my car on Facebook marketplace or OfferUp if I still owe money on it and then when I get the cash pay off the remaining balance and give the title to the new owner or is that a bad idea? submitted by /u/Professional-Rain-89

Reddit Personal Finance 1.1k 2024-04-25

Will I owe taxes on a marital home?

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Will I owe taxes on a marital home? I bought a house in 2006 with my ex wife. We divorced in 2015 and I let her stay in the home with my daughter until she turned 21. The house was never taken out of my name but the MDA said she got to stay in the home. We sold the house last month and made around $125k each. The tax law on capital gains says that the person must have lived in th…

Reddit Personal Finance 274 2023-08-15

LPT Request: What do I owe in rent?

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LPT Request: What do I owe in rent? My first two years of uni I lived in dorms on campus, then my junior year I moved into an apartment a few miles from campus. I’ve been living here for a year now, and intend to finish out my remaining one year of college living at this apartment. A few months ago, when I submitted a lease renewal application I was told I had apparently missed a…

Life Pro Tips 171 2023-08-04

Could I still owe? 2023 tax question

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Could I still owe? 2023 tax question I plan on reaching out to the professional that files our taxes but I wanted to ask here as well. I started a new job this year and it’s the first time in my life where I have a 6 figure salary (110k). My wife also works full time with and makes about $55k a year. We have 2 young kids and pay over $6k a year for their early learning daycare so …

Reddit Personal Finance 225 2023-07-10