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  1. Sarcky
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    Let's talk 2012 taxes


    Last year we had a bunch of threads about taxes, contracting, people getting cheated, etc. Let's keep all those threads here if we can.

    Mods, feel free to merge them all together.

    My taxes are easy this year, I worked for one company and did no contracting work, and my daycare expenses resulted in a net discount of $50.
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  3. I <3 ASCII
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    I'm at a contracting firm and this year I was placed at the same client all year long. One paycheck, one locality, makes things easy on that respect.

    Not looking forward to 2013 though, hopefully by the end of the year I'll have another kid, a rental income coming in, and some moving expenses. While all of those things are happy things, it'll make the taxes tougher.

    -MBirchmeier
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  5. Banned (not really)
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    Several "trips" gave me a few tax free months, so this year is pretty good.
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  7. Sarcky
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    Not a lawyer or an accountant, but I'm pretty sure you can't deduct a move from your taxes. The only time you can is if you move to accept a first job of some sort. Either first job out of college or first job in a new industry.

    I could deduct my move from college in NY down to TX, for instance, but not my move from TX back to PA to accept a job up here.
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  9. I <3 ASCII
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    Originally Posted by ManiacDan
    Not a lawyer or an accountant, but I'm pretty sure you can't deduct a move from your taxes. The only time you can is if you move to accept a first job of some sort. Either first job out of college or first job in a new industry.

    I could deduct my move from college in NY down to TX, for instance, but not my move from TX back to PA to accept a job up here.
    Correct you are... you can only deduct moving expenses if moving for a job etc.

    I guess I'll just have to console myself to living in a nicer house.

    -MBirchmeier
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    I usually do my own taxes but I'm going to go to an accountant this time. I have a lot of questions, among them the big $18,000 question "can I deduct anything on this ... especially since it's presumably taxable income on the other end?"
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  13. Sarcky
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    I used to talk to accountants when I was a contractor/consultant, but they ended up costing me roughly as much as they managed to save me. Especially now as a w2 employee, I just do it myself. The only thing that's really complicated is that I'm divorced with a kid, so I have to deduct alimony, daycare expenses, and the child dependent. (Un)fortunately, my income makes me alllllmost ineligible for those deductions. Legally, I still have to do the paperwork, but I only net about $60 from it, total.
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    My trips were to Afghanistan so there are, uh... special rules.

    Comments on this post

    • ManiacDan agrees : Just now noticed this.
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