susana1954
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Post by susana1954 on Mar 14, 2021 17:51:39 GMT -5
Ok, I am not as good at spending as I thought. I bought a blower for my yard ($200) a few days ago. I discovered that it didn't do what I needed it to do. So I was tired of looking at it sitting on my raised hearth so I wanted to put it in the closet. I wanted to take the battery out, as they advised. I spent 30 minutes trying. And, yes, I read the directions multiple times. I ended up taking it back. It was only 3 or 4 days old so no problem. I did buy a $20 cd player. Does that count? I have a lot of CDs that my Amazon Prime account won't play because I didn't buy them from them. $20 is less than a monthly subscription for sure. Oh, wait, I am a failure because I am spending stuff wisely.
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Knee Deep in Water Chloe
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Post by Knee Deep in Water Chloe on Mar 14, 2021 18:16:57 GMT -5
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susana1954
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Post by susana1954 on Mar 14, 2021 19:50:01 GMT -5
Oh, good, I spent $20 unwisely. Only $1380 to go!
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Blonde Granny
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Post by Blonde Granny on Mar 15, 2021 7:25:02 GMT -5
I received the phone call yesterday from my neighbor who is involved with a rescue animal center. It looks like today (morning or afternoon) this old Granny is going to be a new Mommy. If everything goes right it will be a 2 y/o Shih tzu named Riley. This this little guy doesn't come home with me there is another little girl coming in sometime today that is y/o shih tzu.
I was so excited last night I just started to cry. Like Susana, my house has been so quiet, and my life has been so lonely, I just can't imagine all this.......
If I knew how to post picts, I would as the rescue place has sent me 3-4 pictures of Riley and he is adorable.
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Lizard Queen
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Post by Lizard Queen on Mar 15, 2021 8:45:55 GMT -5
Omg, I used to have a shih tzu, and he was the sweetest thing. ♥️ Expensive haircuts, though.
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countrygirl2
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Post by countrygirl2 on Mar 15, 2021 9:55:11 GMT -5
Pets are so wonderful. I love my cats, hubs gets aggravated at Smoke, but this morning he was petting them both. He just never really had pets and these 2 like him. You will so enjoy the little one, you will wonder how you ever did without him.
My Tigger just got off my lap, just so loving.
They weigh about 9 pounds now but I never saw cats so long. I read these kind can weigh between 9 and 18 pounds, good grief they will be huge. I think they can grow up to a year and a half, they are about 8 months old now.
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bean29
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Post by bean29 on Mar 15, 2021 10:55:07 GMT -5
Family of Four, round 3 stimulus $5600
Round 2 stimulus $2400
Round 1 stimulus $3,400
That is $11,400 that DH and I did not see b/c our income is too high. On top of that they bailed out Pensions for one select group of people, however, union members with failing pension plans are far from the only group in the US that does not have enough saved for retirement. DH and I don't have access to a pension. Savings from retirement comes from that higher income Congress has decided to redistribute to other people they deemed more worthy. Also, they declared that the first $10,000 in unemployment income is tax free.
I just feel ripped off. I can't see myself joining the party of Q, put if someone comes forth with a decent Independent party - I am all in.
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Lizard Queen
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Post by Lizard Queen on Mar 15, 2021 11:10:17 GMT -5
Family of Four, round 3 stimulus $5600 Round 2 stimulus $2400 Round 1 stimulus $3,400 That is $11,400 that DH and I did not see b/c our income is too high. On top of that they bailed out Pensions for one select group of people, however, union members with failing pension plans are far from the only group in the US that does not have enough saved for retirement. DH and I don't have access to a pension. Savings from retirement comes from that higher income Congress has decided to redistribute to other people they deemed more worthy. Also, they declared that the first $10,000 in unemployment income is tax free. I just feel ripped off. I can't see myself joining the party of Q, put if someone comes forth with a decent Independent party - I am all in. Um, you know over half of that was done by the other party, right?
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bean29
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Post by bean29 on Mar 15, 2021 11:38:04 GMT -5
Family of Four, round 3 stimulus $5600 Round 2 stimulus $2400 Round 1 stimulus $3,400 That is $11,400 that DH and I did not see b/c our income is too high. On top of that they bailed out Pensions for one select group of people, however, union members with failing pension plans are far from the only group in the US that does not have enough saved for retirement. DH and I don't have access to a pension. Savings from retirement comes from that higher income Congress has decided to redistribute to other people they deemed more worthy. Also, they declared that the first $10,000 in unemployment income is tax free. I just feel ripped off. I can't see myself joining the party of Q, put if someone comes forth with a decent Independent party - I am all in. Um, you know over half of that was done by the other party, right? I understand that, I didn't go over the top until I heard they were bailing out the pension funds for some Americans. Social Security is under funded too - they could have boosted social security and it would not favor one group over another. It is just a bridge too far for me.
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minnesotapaintlady
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Post by minnesotapaintlady on Mar 15, 2021 11:50:24 GMT -5
Family of Four, round 3 stimulus $5600 Round 2 stimulus $2400 Round 1 stimulus $3,400 That is $11,400 that DH and I did not see b/c our income is too high. On top of that they bailed out Pensions for one select group of people, however, union members with failing pension plans are far from the only group in the US that does not have enough saved for retirement. DH and I don't have access to a pension. Savings from retirement comes from that higher income Congress has decided to redistribute to other people they deemed more worthy. Also, they declared that the first $10,000 in unemployment income is tax free. I just feel ripped off. I can't see myself joining the party of Q, put if someone comes forth with a decent Independent party - I am all in. Well, if you really want the stimulus money you can still get it when you file in 2021 if you reduce your incomes to below 150K this year.
But aren't your kids older? Over 17 wasn't eligible for the first 2.
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Deleted
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Post by Deleted on Mar 15, 2021 11:59:54 GMT -5
Family of Four, round 3 stimulus $5600 Round 2 stimulus $2400 Round 1 stimulus $3,400 That is $11,400 that DH and I did not see b/c our income is too high. On top of that they bailed out Pensions for one select group of people, however, union members with failing pension plans are far from the only group in the US that does not have enough saved for retirement. DH and I don't have access to a pension. Savings from retirement comes from that higher income Congress has decided to redistribute to other people they deemed more worthy. Also, they declared that the first $10,000 in unemployment income is tax free. I just feel ripped off. I can't see myself joining the party of Q, put if someone comes forth with a decent Independent party - I am all in. I agree- I haven't seen a dime of stimulus money and in a way it's OK- I honestly don't need it. But why is the third stimulus payment still going to a group unaffected by COVID- for example, DS, whose job has remained steady throughout, and BF, who also has a steady job and is collecting SS as well since he's 69, so no penalty for working, as well as people on pensions and SS whose income was not interrupted? I'd have like to have seen less given to people in those categories and more to people who are unemployed or were recently unemployed. So, I have nothing from Uncle Sugar to "spend wisely"- in fact, I'm going to be making bigger Estimated Tax payments than I need to because I figure I'm going to be paying for the gravy train. And so are our children and our grandchildren.
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susana1954
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Post by susana1954 on Mar 15, 2021 12:03:42 GMT -5
I think it is difficult for many people not to feel a little resentment even though they may have come through the pandemic so far pretty much unscathed. People earned more unemployed than they did if the company they worked for managed to stay afloat, maybe with the help of PPP money. People got checks that shouldn't have because their kids aged out or whatever and didn't have to return it. Businesses that got PPP money not only didn't have to pay it back if they did it right, but they could still deduct the expenses paid with it. People who got unemployment got $10,200 worth of income they didn't have to pay taxes on whereas people who earned that did have to pay taxes. And so on.
Didn't your family's company get a PPP loan that didn't have to be paid back? A lot of companies didn't.
There is always enough unfairness to go around. You have to look at yourself as fortunate that you didn't really need the stimulus.
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Lizard Queen
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Post by Lizard Queen on Mar 15, 2021 12:04:58 GMT -5
Um, you know over half of that was done by the other party, right? I understand that, I didn't go over the top until I heard they were bailing out the pension funds for some Americans. Social Security is under funded too - they could have boosted social security and it would not favor one group over another. It is just a bridge too far for me. I don't get a pension, either, but work with a lot who do. I think their pension is solvent though. It's not fair to newcomers, and this is the first place I've worked that ever even had a pension. I do notice the pension tends to drag down their wages a bit. However, for people who've been promised this for decades, it's unfair that they should lose out as well, and could put them in the poorhouse. (I don't think they should bail out so much for the highest receivers, though. I don't know if they are bailing those out too, or not.) Anyway, I read the pension thing paves the way to bailing out social security as well.
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jerseygirl
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Post by jerseygirl on Mar 15, 2021 12:56:13 GMT -5
NJ is a state that will get stimulus money for pensions. NJ government employee pensions have been underfunded for years. Of course the governors kept allowing pensions to be raised and medical insurance costs to raise during those years. Think some jobs are making new employees use 401k instead of state pension plans. So NJ taxpayers who mostly haven’t been eligible for pensions for around 20 yrs and pay large amounts of money for medical insurance and property taxes pay state employees benefits that taxpayers don’t have
But who cares - it’s magic money raining down !!
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TheOtherMe
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Post by TheOtherMe on Mar 15, 2021 13:10:59 GMT -5
Life has never been fair. Taxes have never been fair. If life was fair, I would have been born a millionaire. If people don't qualify for any of the stimulus payments because of the income limits, you most likely do not need the money. It might help if you could see it from the perspective of people who can now pay back rent, not declare bankruptcy, etc. and small businesses who are hoping people not that desperate will spend some money in their businesses. If you received a PPP loan that was forgiven, you have received your stimulus. The government kept you in business. Empathy is something the country has been missing for the last 4 years. Sounds like he wasn't the only one who is not capable of empathy.
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Post by Deleted on Mar 15, 2021 13:38:56 GMT -5
There is always enough unfairness to go around. You have to look at yourself as fortunate that you didn't really need the stimulus. I certainly agree that I'm fortunate (and also made good decisions about funding my retirement). As a taxpayer, though, I ALSO want my tax money spent wisely. When extra unemployment is a disincentive for people to seek work (and several people on the hiring side have noted that here), when airlines decide they can do without X,000 people and then can magically find work for them when they get billions in aid (why not pay the $$ directly to those affected?), when people whose incomes were unaffected by COVID get $$ and those who are still suffering, wondering how they'll pay all their deferred rent, (or landlords wondering how they'll pay their mortgage with rents being deferred) get the same.. that is not a good use of taxpayer money. And yes, I object to the use of taxpayer money to bail out irresponsible public pension plans that made promises they couldn't keep for decades and are now having the rest of us pay the bill. Maybe that portion of the package should have been saved for future shortfalls in pension payments if the plans do fall short.
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bean29
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Post by bean29 on Mar 15, 2021 14:35:42 GMT -5
There is always enough unfairness to go around. You have to look at yourself as fortunate that you didn't really need the stimulus. I certainly agree that I'm fortunate (and also made good decisions about funding my retirement). As a taxpayer, though, I ALSO want my tax money spent wisely. When extra unemployment is a disincentive for people to seek work (and several people on the hiring side have noted that here), when airlines decide they can do without X,000 people and then can magically find work for them when they get billions in aid (why not pay the $$ directly to those affected?), when people whose incomes were unaffected by COVID get $$ and those who are still suffering, wondering how they'll pay all their deferred rent, (or landlords wondering how they'll pay their mortgage with rents being deferred) get the same.. that is not a good use of taxpayer money. And yes, I object to the use of taxpayer money to bail out irresponsible public pension plans that made promises they couldn't keep for decades and are now having the rest of us pay the bill. Maybe that portion of the package should have been saved for future shortfalls in pension payments if the plans do fall short. Yeah, I am sure there are a number of ways they could have done it that would have been more fair to those that have maintained solvency. I don't think they did this via the PBGC, but with that, I don't think the funds are 100% restored. On top of feeling that I don't have enough saved for my own retirement, I am from Wisconsin - and Wisconsin is a state that pretty much had a fully funded State pension system. So State's where taxpayers that had taxes high enough to support their state Pension systems adequately will now bail out lower tax states that underfunded their State pensions? Then there is the refundable child tax credit - people that have kids get $300/month per kid? On top of the numbers listed above, people with kids will get another $3600 per kid. We have to be close to the point where having babies and working a low income job part time is better than working a higher earning job. I understand that is not permanent, but they are talking as though it will be. I will cross my fingers and hope it gets kicked out. 95% of what I earn is earmarked for State and Federal Taxes, HSA, 401K and 401K Roth contributions. I was going to do all 401K, but decided I should have some funds in a Roth. The only way I can reduce DH's income is to increase DS's pay. I probably will do a bit of that, But I still doubt it will make our income low enough to be stimulus eligible. BTW, DH evicted his Brother after he lived in my MIL's rental unit for nearly 2 years w/o paying rent. He had served eviction before the Pandemic, but the eviction moratorium bought BIL more time. He finally moved out last month, so one of my BIL's changed the locks. DH said his DB was not eligible for rent assistance for some reason, so my MIL is just SOL. I have not heard that they plan to do anything for landlords, but I could be wrong.
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busymom
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Post by busymom on Mar 15, 2021 14:40:41 GMT -5
This is JMHO (remember, I majored in business in college), but I believe this stimulus money is more than just propping up family income. If you suddenly get unexpected money, what do most people do? Spend it. It's another way to stimulate the economy. So, I've been making a special effort to spend money with small businesses. Why should the big players, like Amazon, get all of the benefits from people with money to spend?
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minnesotapaintlady
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Post by minnesotapaintlady on Mar 15, 2021 14:50:14 GMT -5
Then there is the refundable child tax credit - people that have kids get $300/month per kid? On top of the numbers listed above, people with kids will get another $3600 per kid. We have to be close to the point where having babies and working a low income job part time is better than working a higher earning job. I understand that is not permanent, but they are talking as though it will be. I will cross my fingers and hope it gets kicked out. That's for ages 6 and under, for the rest it's 3K and the credit was already 2K. Trump increased it to that from $1000 in 2018.
And sorry, I would take 150K AGI and no credit over 22K AGI any day. I don't have that option, but high earners can always just quit working if the feel the unemployed and low income have it so much better.
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Lizard Queen
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Post by Lizard Queen on Mar 15, 2021 15:04:13 GMT -5
I think everyone should be able to write off season tickets off their taxes, too.
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saveinla
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Post by saveinla on Mar 15, 2021 15:08:40 GMT -5
I am ok with paying families with little kids rather than corporations - hopefully this will be money better spent
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imawino
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Post by imawino on Mar 15, 2021 15:11:34 GMT -5
I certainly agree that I'm fortunate (and also made good decisions about funding my retirement). As a taxpayer, though, I ALSO want my tax money spent wisely. When extra unemployment is a disincentive for people to seek work (and several people on the hiring side have noted that here), when airlines decide they can do without X,000 people and then can magically find work for them when they get billions in aid (why not pay the $$ directly to those affected?), when people whose incomes were unaffected by COVID get $$ and those who are still suffering, wondering how they'll pay all their deferred rent, (or landlords wondering how they'll pay their mortgage with rents being deferred) get the same.. that is not a good use of taxpayer money. And yes, I object to the use of taxpayer money to bail out irresponsible public pension plans that made promises they couldn't keep for decades and are now having the rest of us pay the bill. Maybe that portion of the package should have been saved for future shortfalls in pension payments if the plans do fall short. Yeah, I am sure there are a number of ways they could have done it that would have been more fair to those that have maintained solvency. I don't think they did this via the PBGC, but with that, I don't think the funds are 100% restored. On top of feeling that I don't have enough saved for my own retirement, I am from Wisconsin - and Wisconsin is a state that pretty much had a fully funded State pension system. So State's where taxpayers that had taxes high enough to support their state Pension systems adequately will now bail out lower tax states that underfunded their State pensions? Then there is the refundable child tax credit - people that have kids get $300/month per kid? On top of the numbers listed above, people with kids will get another $3600 per kid. We have to be close to the point where having babies and working a low income job part time is better than working a higher earning job. I understand that is not permanent, but they are talking as though it will be. I will cross my fingers and hope it gets kicked out. 95% of what I earn is earmarked for State and Federal Taxes, HSA, 401K and 401K Roth contributions. I was going to do all 401K, but decided I should have some funds in a Roth. The only way I can reduce DH's income is to increase DS's pay. I probably will do a bit of that, But I still doubt it will make our income low enough to be stimulus eligible. BTW, DH evicted his Brother after he lived in my MIL's rental unit for nearly 2 years w/o paying rent. He had served eviction before the Pandemic, but the eviction moratorium bought BIL more time. He finally moved out last month, so one of my BIL's changed the locks. DH said his DB was not eligible for rent assistance for some reason, so my MIL is just SOL. I have not heard that they plan to do anything for landlords, but I could be wrong. I'd like to understand that further. How much do you currently pay your son? What is is job?
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bean29
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Post by bean29 on Mar 15, 2021 15:49:55 GMT -5
Husband is an Insurance Agent. DS works for DH, he is also a licensed insurance agent. His pay has been the same for several years - a raise is not out of the question. I was holding off for a variety of reasons. I think he will get about a 20% raise and a Bonus this year. DH is very concerned about his income stability. He feels the insurance industry is going to push people to doing business on-line and cut out the agents. Also, his company is looking for other areas to build income as autos have automatic breaking, lane deviation, blind spot warnings etc, so there are less accidents, and less need for insurance. Also, if more people are working from home, there will be less miles driven, also reducing the cost of insurance policies.
If I had 8-10 years to build income, we would be fine, but it looks like there may be a few blips with that. DH's company used to accept cash, they no longer do. So, if you have to pay by CC or check, you don't necessarily meet with your agent face to face...less relationship building opportunities. DH feels that the pandemic has affected his income, but it does not show up as a comparison of 2019 to 2020...it will be 2019 or 2020 to 2021.
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TheOtherMe
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Post by TheOtherMe on Mar 15, 2021 15:54:45 GMT -5
I think everyone should be able to write off season tickets off their taxes, too. As a business expense or just in general? I am a retired IRS agent and I saw the abuse of this by businesses. I don't think expensive sports tickets should be written off by anyone. Generally speaking, the businesses did not keep proper records to justify the deductions. I no longer have season tickets to anything, but the law changed and I could no longer deduct the contribution I was required to make to buy the tickets. Did I like it? No, but I paid it until I moved away.
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TheOtherMe
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Post by TheOtherMe on Mar 15, 2021 15:57:42 GMT -5
Then there is the refundable child tax credit - people that have kids get $300/month per kid? On top of the numbers listed above, people with kids will get another $3600 per kid. We have to be close to the point where having babies and working a low income job part time is better than working a higher earning job. I understand that is not permanent, but they are talking as though it will be. I will cross my fingers and hope it gets kicked out. That's for ages 6 and under, for the rest it's 3K and the credit was already 2K. Trump increased it to that from $1000 in 2018.
And sorry, I would take 150K AGI and no credit over 22K AGI any day. I don't have that option, but high earners can always just quit working if the feel the unemployed and low income have it so much better.
Exactly!!! I don't like how all of my taxes are used either, whether it be in the state or federal government. It's the cost of being a citizen. I get to speak with my vote, even if my vote doesn't matter in the state where I live. Remember empathy.
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Lizard Queen
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Post by Lizard Queen on Mar 15, 2021 15:59:39 GMT -5
I think everyone should be able to write off season tickets off their taxes, too. As a business expense or just in general? I am a retired IRS agent and I saw the abuse of this by businesses. I don't think expensive sports tickets should be written off by anyone. Generally speaking, the businesses did not keep proper records to justify the deductions. I no longer have season tickets to anything, but the law changed and I could no longer deduct the contribution I was required to make to buy the tickets. Did I like it? No, but I paid it until I moved away. Sorry, I was being sarcastic remembering something.
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TheOtherMe
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Post by TheOtherMe on Mar 15, 2021 16:03:17 GMT -5
I was hoping you were being sarcastic because I want to do the same thing, but I can't.
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stillmovingforward
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Post by stillmovingforward on Mar 15, 2021 16:13:21 GMT -5
I left a message for a landscaper who did my neighbor's yard, which I really like. I'm hoping we can meet this week and discuss how to create a yard space that is easy to care for. My DH can no longer help me and the kids are moving on with their lives. Time to put in something more classy that reduces upkeep. Keep people employed!
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Post by The Walk of the Penguin Mich on Mar 15, 2021 16:18:22 GMT -5
I think everyone should be able to write off season tickets off their taxes, too. As a business expense or just in general? I am a retired IRS agent and I saw the abuse of this by businesses. I don't think expensive sports tickets should be written off by anyone. Generally speaking, the businesses did not keep proper records to justify the deductions. I no longer have season tickets to anything, but the law changed and I could no longer deduct the contribution I was required to make to buy the tickets. Did I like it? No, but I paid it until I moved away. As a charitable donation, I’d guess. We lost about $3500 for season tickets we have for the ballet and opera. While Seattle Opera or PNB would refund our tickets, they gave us the option of turning it into a charitable donation to the respective companies.
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TheOtherMe
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Post by TheOtherMe on Mar 15, 2021 17:02:31 GMT -5
Correct, it could no longer be written off as a charitable donation. I paid until last season when I finally realized I am never moving back.
Now I just make a donation that I can only write off as long as the $300 above the line deduction remains because I can't itemize.
ETA: Want to clarify, that to purchase season tickets for my basketball team, a donation was required, known as seat tax. I have never been able to deduct the cost of the season tickets themselves. Tax law changed and the seat tax could no longer be deducted.
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