I am working part-time and already have a savings acc

FreeTaxUSA is it for sure - $14.95 to file, as easy as TurboTax at a fraction of the price (and without the shitty government lobbying)

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Dude why are u so damn negative damn 😭

Yea first time can be chalked up as a simple human error. Something weird for it happening 3 times. I would just make sure you contact every one and keep records of your attempts to fix the situation. That's annoying but you are right, not the end of the world.

You can start by getting your own bank accounts in only your name, and originals or copies of all your vital documents like Birth Certificate, SSN card, State ID/Drivers License, Passport, etc.

If you were financially responsible you could get a secured credit card to start building some credit. The more savings you have going into this the better off you will likely be. Most of the places where you can make a career in film, tend to be higher cost of living places. It's not an industry that's known to pay particularly well for entry level or apprenticeships and is very competitive. Good luck going down that road, it's certainly not without a large amount of risk.

I definitely have a lot more to learn. I knew vtsax was diversified. Thanks for the input.

I do it per paycheck so my paychecks are consistent. That's it.

Just make sure to do it through payroll instead of as a separate contribution because you can only avoid FICA taxes if you do it through payroll.

You may find these links helpful:

• Leaving a Job (resigning, quitting, fired, laid off, etc.)
• Job Loss Megathread: unemployment resources, state-specific information, and help

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Would you mind elaborating a bit more?

But why buy three if one do trick?

You could buy:

• ~85% VOO (large cap)
• ~10% IVOO (mid cap)
• ~5% VTWO (small cap)

And then you'd just get something very close to VTI/VTSAX performance, but a lot more complicated.

Alternatively, you could buy an international fund to further diversify, but then you could just switch to VT/VTWAX, assuming you're looking for a global market cap weighted strategy.

In other words: don't buy funds to have more funds. But the funds you need to match your strategy.

I try to buy as few funds as I can to get my desired asset allocation, currently, that's something like 7 because of fund options are various institutions (e.g. S&P 500 + small cap in 401k, FXROX and FZILX in my Fidelity HSA, both VTIAX and VFWAX in my taxable brokerage for TLH, and VTSAX in my IRA).

I working the accounting dept but I don't go near payroll. Direct supervisor is the controller, my boss is the CFO. There is one other person here who does payroll, and I don't know what she actually does for that and if there is a distinction for how it's done between the commissioned positions and the salaried folk. My supervisor is the one who pointed the overpayment out this time (quietly, the other two times more people had the same thing happen to them). I'm trying to rope the execs in for this problem because I don't understand how my salary numbers physically changed in our systems.

It's not the end of the world that they're going to recoup the overpayment but, obviously, it shouldn't happen in the first/third place.

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They've got a number auto-generated into your line somewhere. This happened once but three times is incompetence in the payroll department. Of all the things you lay multiple sets of eyes on, it's payroll.

Unfortunately, there's not much to do here, other than continuing to remind them they keep screwing up, and it's a pain in your ass. There's no regulation that I'm aware of that helps out. Only underpaid is an issue, but they've got time baked into those regulations to fix errors as well, blah!

> my father plans on giving me the car when i turn 18 in my name

you should mentally & emotionally prepare yourself for him to refuse when you ask him to hold up his end of this bargain.

I thought I was doing a good job tracking my money spending but after a couple months of asking "where tf is my money going" repeatedly, I've started collecting receipts.

As far as splitting paychecks between multiple accounts, that hasn't been going well- not enough put into one account to pay 'x' bill, not enough in the other account to cover that bill plus other bills, etc., so I think having a checking and a savings at one bank would be helpful. No more transferring from one bank to another and waiting 5 days for it to arrive. That's made me late on a payment twice now.

As far as budgeting, it's difficult when my second job doesn't bring in the same amount each week, and since I choose my schedule day-of working, and each order pays a different amount, there isn't a way to plan that out. Although, I could set a budget as though I only have one job. That might make saving easier, too. Any extra from the second job could go straight to savings since I wouldn't be relying on it for bills.

Thanks for the comment, it's got me thinking about things I hadn't before (:

Thanks!

You are very welcome.

Read the Self employment wiki. Record keeping is important when running a business. Use a dedicated bank account and keep detailed records.

Turbotax might charge you more for having a business, so look into other options in the tax software megathread.

$500

> I didn’t realize I was being taxed differently for working at home vs in the office

Yup. That’s the way it’s supposed to be done.

If DC has higher income taxes than VA, it doesn’t actually matter except you have to fill out two state tax returns. You just end up paying whichever has the highest rate

TaxSlayer and TurboTax self-guided programs are always super easy but beware because both companies have been accused of selling data to 3rd parties like credit card companies.

I've actually never heard anything good about HR Block.

Depends on your situation but https://www.freetaxusa.com/ is always helpful.

If your situation is more complicated you may need to look into hiring a CPA.

I'm curious what a "contentment creator" does, lol, sounds like an interesting job.

Anyway, the first thing to determine is whether your activity is a "hobby" or a "business". The IRS has various rules for determining that. If it is a "hobby", your taxes will be very simple. If it is a "business" they will be more complex, and probably too much to put into a post here -- there are many websites with articles for self-employed persons.

https://www.irs.gov/newsroom/earning-side-income-is-it-a-hobby-or-a-business

You can have deductible net operating losses when you are starting out.

This is better for r/New York, fatfire or chubbyfire. You have one child for now - is the plan to have more and do this with more? What does your NW look like (ie. Are you on schedule or behind schedule in terms of NW vs income)

High level, yes people do this with your income, but not everyone (idk, maybe this is one of those where people are likely 50/50 split at this income level). But if education is important to you / family, then go for it. Part of high income is spending on the things you want to. It’s up to you to decide if it’s worth it, what kind of impact it could have on your other spending, retirement planning, etc.