Stimulus self employed reddit. If I calculate my total medical .
Stimulus self employed reddit. The gov’t just updated the eligibility requirements so that a lot of people in this subreddit can now claim it. I am self employed and when I enter my info on the IRS portal it says I am eligible for the payment and when they have a date they will inform me via the portal. What if I'm self-employed, a gig worker, independent contractor, 1099 worker, etc. Under the current rules for self employed people you automatically get 8/52 of your 2019 net income from self employment (schedule c line 31 again) forgiven no mater what you do with the loan money so in theory there isn't anything stopping you from getting both. trueIt will be added to your refund once you receive it. Not really self employed per se, I still have a W2 job. This includes all the systems, programs and processing of unemployment claims funded at a state and federal level. Numerous articles purport folks are still sitting on so much in savings that they can put it into housing down-payments or won't have to return to the workforce for years. This explicitly includes self-employed people, sole proprietorships and independent contractors. Tips and tricks on food prep, systems, discipline - the demotion of the mind and elimination of self harm. [Business] - The self-employed are still waiting for help from the federal stimulus law I'm a self employed musician who has been out of work since mid March. My mom doesn’t claim me as a dependent anymore on taxes. The Paycheck Protection Program (PPP) is a new stimulus program for the self-employed. The “spouse who…” has been behind almost everyone I’ve know who went from employed to self-employed. Reply reply josephina6 • Hello! I recently found out I did not receive a check because my ss card says not valid for work but I have been gainfully employed since I was 18. The purpose of it is to act as a stimulus for self employed individuals & businesses. I am a self-employed author on autism spectrum, not particularly high-functioning--I can write words, but I can't speak them well. The portal sucks and needs to be fixed. I make some examples to clarify what I mean: - checking the phone (which I reduced a lot!) If you use Turbotax online, it is likely that you will have to upgrade to the self-employed version. No, you’re not required to be working right now, but you are encouraged. You have a tax filing requirement if your self-employment net We would like to show you a description here but the site won’t allow us. The IRS "Get My Payment" option to track stimulus payments and update banking info to get direct deposit is functional. as for the stimulus its automatic. Was this $15,000 net after taking all allowable self-employment expense deductions? Did you feel equipped to provide advice on the appropriate expenses that could be claimed? Reply reply [deleted] • Comment deleted by user Reply reply more replies more replies More replies LewLew0211 Hey all you cool cats and kittens, lots of self-employed people, including myself, have been confused and trying to file for unemployment now that the PUA allows us to qualify. I didn’t do 2019 taxes yet Regarding your boyfriend and his boss it sounds like your bf is a contract worker, and receives a 1099 form, so has to file a Schedule C as self employed, in addition to a SE form. If I calculate my total medical Hey everyone, so I'm a self-employed contractor based in Chicago. BSCA my PPO plan is ok, all the plans through the providers have a lot of information and it gets overwhelming. Feb 24, 2025 · The internet is buzzing about a $5,000 stimulus check called the DOGE Dividend. Mar 18, 2025 · A stimulus check on the other hand, is a direct payment to encourage spending and stimulate the economy by putting money directly into the consumers' hand. My last job was in december 2019 and I used all of my savings to get through 2020. I am flat broke and received no income in 2020. Who would qualify for DOGE dividend? Self-Employment In the US, whether you have a W-2 job or not, if you earn income as an independent contractor or through informal side gigs, the IRS considers you a proprietor of a business, and your business profit is generally subject to federal income tax and self-employment taxes that support Social Security and Medicare. Oct 8, 2025 · If you’re self-employed, your taxes can be complicated. We will automatically add the federal stimulus funds to each week of benefits that you are eligible to receive. The stimulus is for everyone if you're a tax payer, you should get it. You can contribute $22,500 of your self-employment earnings as the employee, and an additional 25% of your self-employment earnings as the employer, up to a max of $66,000 (given that your sole proprietorship made enough to get to that max with $22,500 + 25% of self-employment earnings, which would be somewhere around $230,000, I believe). That's as far as I've taken it, may go full time contractor next year, idk. Also I heard that only people with w2 forms got the check and that people with 1040 or 1099 will get theres soon. Question about being self-employed and filing a "simple return" in order to get $1,200 stimulus? If you are self employed or have a business here’s a video on how to get a 10k grant from the stimulus bill for business expenses! We will still get the stimulus check. If you earned self employment income of 1500. They decrease your earnings. 54 votes, 36 comments. google is your friend here. one other important detail is self employed/independent contractors use NET earnings, gross income minus business expenses (before taxes though). Looks like under the stimulus package self employed eBay sellers can now file for unemployment over lost wages due to the corona virus. I didn't pay… I do as well. Then in 2020, I continued selling the same kind of stuff, and made probably $8000-10,000 that year (not including stimulus check). FYI if you do random work or side gigs you are considered Self-employed, and your filing requirement is $400 or more net profit from Self-employment. I'm self-employed and have to pay Q4 taxes by January 15th. You need to provide the basic information so they can create an accurate tax return. I do not lie about household status, income/expenses, or claim any deductions that I can't prove on paper. But who is eligible for the stimulus check? I have self-employment income, w-2 income, and unemployment income. Supposedly it's 600/week for up to 4 months. Czechia. It's a pain. In 2021 the vintage market was booming and I made another few thousand dollars. If you didn't file 2018 or 2019 taxes, then as of right now, you will not receive an advance check from the stimulus package. I too received my $1400 last week, finally, because the filing of my taxes in march triggered them to have my DD info so they sent the newest stimulus of $1400. Can I pay $600 less than what I owe the irs. New comments cannot be posted and votes cannot be cast. Please keep self promotion to a minimum/reasonable level. The $600 will be part of your refund once your returns are out of the Chat about javascript and javascript related projects. Remember, all critical information is in the r/EDD sidebar. Does anybody know of any relatively quick routes to becoming self employed and making a decent living (I'm not looking for much, just being able to meet my basic life needs without having to worry about falling below the poverty line every other week)? The benefits from this venture of self employment are great, and for a lot of people scarey; there is no safety net, no one to blame but you. if you are a non filer, theres a special web site to input your info that the irs opened up. I had suppliers to pay, but I know others who don’t have our costs, and they bought new computers, phones, etc. When I reached someone at the ss office they told me to mail in my permanent residency card because the offices weren’t open and they require someone verify the document/card. I don't believe the government has announced when the cutoff will be, i. I keep meticulous records. Also check that 2021 return you filed and make sure you claimed the recovery rebate credit for your stimulus checks. If I calculate my total medical 38 votes, 46 comments. Go to the next sticky post on this sub to see a visual tutorial on how to apply. Ideally no matter your wage, you should be able to afford a commensurate lifestyle. Feb 25, 2025 · A stimulus check, on the other hand, is a direct payment to encourage spending and stimulate the economy by putting money directly into the consumers' hands. Again, if you have paid taxes you get the 1200, full stop. I filed a 1099 misc Will I get a check? Please help thanks. When I got my card, the office told me not to worry How good is it generally for self employment? Like would quickbooks have schedules or whatever for quarterly taxes and annually? Been thinking of creating a small ebay gig while I work at Target. Should I join NASE? NASE is the National Association for the Self-Employed. , Select Health) that are accepted by all the major healthcare facilities (i. So I’m scared to go the free fillable forms route. I’m 34 now. I doubt if it's because the employer doesn't want to pay the taxes, more likely they don't want to do the paperwork required to have employees. Naturally, I qualified for gov't stimulus checks. I haven't filed taxes in ~20 years. I've used SurePayroll the past two years with the payroll, the taxes, the quarterly filing, and the year-end W-2s. As far as Block being “no help,” they can’t make up information. , Intermountain). Do not respond to any PMs or chats from anyone asking for your EDD info! Anyone asking for personal information is trying to scam you out of your money! I’m self-employed and make quarterly estimated taxes payments directly from my account, plus I still owed some taxes when I filed in February, so provided my bank account info again then. But who is eligible for the stimulus check? This screwed me on the second stimulus check so I didn't receive it. $1300 seems a bit high but you for sure owe something. Feb 23, 2025 · President Donald Trump recently touted the of "DOGE dividends," which came to a 30-year-old investor in a dream and caught the attention of Elon Musk on X. 00 you are legally required to file a tax return, regardless of what happens with the stimulus check. I left a company, and they were willing to pay for me to continue to do stuff for them. Some seem to think millions of people got thousands of dollars. We got a stimulus for self employed people. For those aspiring to perfect adherence. im looking for some insight on things Will CreditKarma work if my wife was self employed? Or am I forced to use a paid version? Also, the UI stimulus put us JUST above the 72k free file limits. After the tax credits and deductions, I am receiving a refund bigger than my self-employment and w-2 income COMBINED. This screwed me on the second stimulus check so I didn't receive it. This community is for those implementing Bryan Johnson's Blueprint. I filed 2018 taxes and got a refund but small so they have my direct deposit info. Reply reply theeasya • So, now that they passed the stimulus bill to make self-employed people eligible for unemployment, how are we supposed to apply for it in Indiana? There have been no changes to the website, so I can't find a way to do it, and calling is pointless since they never answer the phone. What is questionable now is the possible unemployment for gig workers. So if you are eligible based on your 2018 or 2019 taxes, you should file immediately. I will edit the post to reflect this. e. Really would like some hard evidence. Obviously your income was low enough that you wouldn’t have had any federal tax liability but self-employed taxes work differently. 188K subscribers in the tax community. Standard deduction reduces your tax liability. There are two reasons Now that the federal stimulus has passed, again from my understanding, self-employed people now qualify for some amount of state unemployment benefit and a $600 weekly amount covered by the federal government. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. California’s Employment Development Department (EDD) manages the Unemployment Insurance (UI) and State Disability Insurance (SDI) programs for the State of California. S. I live with my sister and barely make enough money to scrape by. I have done self employed/contract work before and understand 1099 taxes and deductions, but I want to finally bite the bullet and go all the way self employed, at least until the tech market opens up again (if). My stimulus check isn’t deposited yet but I saw some people are beginning to get theirs (I have Fulton Bank). No politics, just the numbers. First 10 or so, I was self-employed and struggling majorly with life. Other than the stimulus payment (already long gone) is there any other aid I should look into? Mar 5, 2025 · The "DOGE Dividend" proposal aims to return government savings to taxpayers. Someone claimed that since my name is on the coverage, I may be in a position to deduct the premiums if I itemize deductions and meet the necessary medical expense thresholds. I didn't get my $600 stimulus check. I currently have BSCA and have had them for years. I am self employed and I hire two people the end of each summer to help me out. Can I file my taxes this year with no income to receive the stimulus? Archived post. Any experience with them? Do any of the benefits look worth the $120/year? We would like to show you a description here but the site won’t allow us. Because of this, I'm asking you guys. . In my experience it’s usually been the spousal benefits that keep things afloat but I’ve also had a couple friends who absolutely needed that salary to sustain them through lean times too. How we qualify, apply, etc is still unknown. Trying to find what the average person pocketed if they got any stimulus check (s). It's really simple - only one payroll run in August for just two employees, only one quarter (Q3) 941 to file, and then just two W-2s. You use the PPP to pay yourself over 8 weeks. You can use any of the IRS Free File options to file a tax return: Dave Ramsey on stimulus checks: “if $600 or $1400 changes your life you were pretty much screwed already” We would like to show you a description here but the site won’t allow us. We have specific health plans here in the state (i. How to stop the urge for constant external stimulus? I feel so restless all the time because I'm constantly trying to get stimulated by external things like music, informations, whatever. I paid taxes on unemployment. Our picks for the top tax software for self-employed people will give you the best help at the best price. But it is confusing now since I have to close the store currently until it is safe to go back due to the Covid-19 situation. , the last day you can file and have your return be processed in time for the stimulus check. Reply reply [deleted] • Comment deleted by user RevMen • I am self employed and when I enter my info on the IRS portal it says I am eligible for the payment and when they have a date they will inform me via the portal. Hey everyone, so I'm a self-employed contractor based in Chicago. But would low income Americans qualify? Here's what they're not saying. I know the rule is that I have to show proof that I am covering 50% of my living expenses but since I am living at home I am unsure on how to do this. Since the portal launched I have been given no date update on when to expect the money . Mar 23, 2025 · I forgot to mention that I am self employed. I do not have any W-2s, and my income is filed with 1099-K and 1099-NEC. Self employed US citizens who have filed for unemployment since the recent stimulus and extended coverage, have you received a concrete answer on your elegibility? Here’s a video on how to get a 10k grant from the stimulus bill for small business owners and self employed As a very broad rule of thumb, as a self employed individual, expect to pay 1/3 of your earnings in taxes. Are any stimulus options available, or Earned Income Tax Credit (EITC)? Do self employed get the stimulus check? I work for doordash and grubhub. Who knows how they are going to figure that out Archived post. Though again it's unethical and an agressive position. I'm a self employed musician who has been out of work since mid March. instead of W2 gross. My guess is you never got the third stimulus check, which is where the 1400 comes from. I wanted to know if I can claim myself as an "independent" for this years tax return in order to receive the stimulus checks as a tax credit. MembersOnline Question about being self-employed and filing a "simple return" in order to get $1,200 stimulus? EDD Update for Self Employed PUA - You do not need to do anything. We would like to show you a description here but the site won’t allow us. I rarely leave the house, nor do I have a steady job. I've held off applying to unemployment due to the state requesting me to do so but now as of April 15, the IDES site states: "In Illinois, every individual who is unemployed or underemployed should file a claim for unemployment benefits, even if they believe they are not covered by the unemployment system. I dont think of myself as above average in anything but drive and determination towards self happiness and self appriciation. No one is going to treat you better than you. Your tax return is probably still processing, just like mine and many others. The problem you’re describing is also about poor wage competition. This is where a tax professional makes a difference. This is why you want to keep accurate records of your expenses. and… This video goes over the updated list of acceptable documents for proof of self employment/Planned employment/PUA verification. I am a gig economy contradictor. ? PUA is now live—see here for updated info and the application! You are likely to qualify under the CARES Act, but not for state benefits. The recently passed legislation that authorized stimulus payments and increased unemployment also made available over $300B in money for small businesses affected by recent events. [California] did anyone else get this message for the stimulus check? I’m self employed, I always owe and always pay. Yes, typescript counts. I was a self-employed trader for 2021, with a net loss. There are two reasons Is self-employment holding me up? I received about $14k in unemployment in 2020 and think I should be eligible for the UE refund. How do you file taxes, if you have no W2 and weren't self-employed, in order to get the Stimulus? I am looking to be either self employed or work 2 part time jobs and looking at which insurance carrier has the best or more reasonable plans. If you applied and were denied previously, the VEC should text you instructions for proceeding, so keep an eye out. I was self employed in 2019 and made around $18,000 as a college student driving around for Uber. I do file taxes every year, but I understood as self employment there's no unemployment. See below. Their various memberships offer professional advice, discounts, and access to HSAs and life insurance. I've found over the years of self-employment that insurance costs/rates are largely based on the state in which I live (currently Utah). If you're self employed, or thinking of becoming self employed - this is the place to come. long time ago, had was with kaiser with parents. You will need to file a tax return, and you should report your income from 2020. If you download Turbotax, you can get by with Deluxe - it can handle self-employment income, for a cost of $40-$50 for federal with one state included, and a free federal e-file. 9ri y5 ofc zuktzt ybj snzvr2 phacv nhni xtmztu nzjt9z