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    [–] [Discussion] Why is there no pressure on Tesla to improve their abysmal infotainment problems? evaned 2 points ago * (lasted edited 15 hours ago) in teslamotors

    I also want speed up/down, as well as easy "jump back 10 sec" (also forward, but that's a lot less important) buttons. (Edit: actually, ideally I'd want what VLC on my phone gives me -- a gesture basically where swiping left and right does a fast seek. Note that this is very different from clicking a point on a progress bar, which works terribly when you're listening to a long podcast because the resolution is too low.)

    [–] First time filing taxes evaned 1 points ago in personalfinance

    Generally you start being able to take itemized deductions when you buy your first house.

    FWIW, this isn't even true any more; a significant majority even of homeowners will not itemize until the tax law is changed again. (Maybe some provisions sunset in 2025 if there's no action and people would start itemizing again?)

    [–] How do you find a trustworthy person to do your taxes? evaned 2 points ago in personalfinance

    It's not even just "using online software" -- it's that's the cutoff for the Free File program that the IRS oversees in collaboration with various software vendors.

    Above that point there are still options for free filing. If you have a simple return, most places will let you file for free (though will often try to upsell you anyway). Places like Credit Karma and FreeTaxUSA (not endorsing either by any means) support more complex returns and provide free filing (federal only for FreeTaxUSA). And you say "e-file for free on the IRS website", but really that's not the IRS providing Free File Fillable Forms (available to most everyone); FFFF is provided by the Free File Alliance, a group of software vendors. (Though the IRS does seem to have more oversight of that than most software products.)

    [–] EV tax credit question - alerting allowances to take advantage of the credit early? evaned 2 points ago in electricvehicles

    Interest is charged too. If you pay on tax day, the form for estimating your underpayment penalty figures 3.6% of the difference between your minimum safe harbor (how much you had to pay to avoid the penalty) and what you actually paid. Pay earlier and they subtract 0.016%/day from that, because of less interest.

    It's still small enough to not get stressed out about -- if you owe a lot, decent chance that will be more disruptive to you than any penalty -- but it's enough IMO to put in some effort to avoid.

    [–] EV tax credit question - alerting allowances to take advantage of the credit early? evaned 1 points ago * (lasted edited a day ago) in electricvehicles

    To determine what allowance setting to use, use the IRS's withholding calculator:

    I think there may be easier to use options, but I don't know others to recommend.

    Another option is to guesstimate. You're in the 22% marginal bracket, so reducing your income by $17,000 would have about the same effect [edit the same effect as a $3,750 credit] -- and simulating that would be the equivalent of taking around four more allowances. (Four is a hair high for that amount, so you'd wind up with a slightly smaller refund than 2018 if everything else was the same if you take 4; or you could dial back to 3.) So have the higher-income person take 4 instead.

    Whatever you do (especially following my ad hoc thing there), check up a couple times during the year to make sure you're on track, and you'll definitely have to reset next January. Having two jobs (one each) means you're already in a situation where correct W4 settings is a bit "fragile" (/r/personalfinance gets approximately 18,873,294,029,283 questions each tax season from people with two jobs or dual-income married couples wondering why they owe so much, and 0 married/0 married withholding is often not enough), and this just adds another layer on top of that for things that can go wrong.

    [I should probably give my standard "IANA CPA, lawyer, etc." disclaimer here]

    [–] [MODPOST] Rule change announcement re: Post titles and general rule review/discussion. evaned 1 points ago in bestoflegaladvice

    It can also be obnoxious in other cases. Follow an NP link and see you've got a new message notification, then go there? You're still at NP so you can't reply! Click the icon to go to the reddit front page? Still in NP.

    And so then I have to remove the np and my paranoid ass fears that I'm going to trip some rule somewhere that is watching for that and flag my account for a ban or something.

    Edit -- actually looks like the above isn't true. I could have sworn it used to be -- maybe it was changed?

    Or maybe I'm just crazy, I don't know.

    [–] New idea? evaned 3 points ago in electricvehicles

    Have you looked into plugin hybrids?

    But I also encourage you to consider the alternatives -- do you really go on a road trip that often? Can you rent for those trips? Do you have a second car you can take? It may well be that you look at these and conclude (as I did) that a PHEV is the better choice for you, but it should be a considered option. PHEV's aren't without drawbacks as well of course, especially non-Volt/Claritys.

    [–] Do I need a CPA to file my taxes if I have never filed before? evaned 1 points ago in personalfinance

    I have this analogy I've posted a few times -- CPAs vs. EAs are a bit like doctors vs. paramedics.

    There's plenty of stuff where you have to go to a doctor -- but if you get into a car wreck and someone comes up to you and says "don't worry, I'm a _____" I think I would rather that next word be "paramedic" rather than "doctor."

    Similarly, if I were to randomly pick a CPA vs a random EA, I'd do the latter.

    (In reality, hopefully you're looking for reviews or getting a referral to someone, so it's not random, and of course a CPA who does a lot of individual taxes is quite likely to be just as good as an EA. But the point that you shouldn't ignore EAs is absolutely valid.)

    [–] Does the $3,000 capital loss carryover apply also to state taxes? evaned 2 points ago in personalfinance

    That presumably depends on state.

    I would expect capital losses ofsetting capital gains to be universally accepted, but not so for accepting net losses offsetting income. My state limits the capital loss deduction to $500/year instead of $3,000. This means tracking a separate federal C.L. carryover and state CL carryover, and then adding back the "disallowed" loss if your federal net CL is >$500, or taking an additional state deduction if your federal net CL is <$500 and you have some state CL carryover left.

    [–] S100D owner here - first impressions after an Audi E-Tron test drive evaned 3 points ago in teslamotors

    that's how the prius brakes work

    That's how a significant majority of hybrid and EVs work by my understanding...

    [–] Is there any legitimacy to this capital gains loophole article? evaned 1 points ago in tax

    Why should you pay tax on gains you never made that your dead relative did?

    Why should you get assets you never earned that your dead relative did?

    (I don't mean that to be the end of the story, just the flip side of your argument.)

    [–] S100D owner here - first impressions after an Audi E-Tron test drive evaned 2 points ago * (lasted edited 4 days ago) in teslamotors

    With the caveat that I've only done a little bit of driving with "one-pedal" before giving it up for other reasons, one-pedal actually seems a lot less safe to me. Now you suddenly have two different actions you might have to take to slow down -- lift up on the accelerator if you only need to slow down a little, or move over to the brake to slow down in an emergency. In an emergency, you have the "you have to move over to the brake" anyway with one-pedal, only now there's a lower chance your foot will already be on it.

    On top of that, even you had to add the "in non-icy conditions" as a caveat -- one-pedal driving (at least implemented in a way that doesn't suck for efficiency but also gives you strong braking in good conditions) means that your braking behavior behaves differently depending on what time of year it is and, in winter, what the weather is like and how much you've driven.

    Maybe it's because I never have given it a fair shake, but to me it seems mostly downsides...

    [–] What is the proper way to interpret legal wording of "not exceeding (X condition) and (Y condition)" evaned 2 points ago in legaladviceofftopic

    Personally, I think you're just grouping the "not" wrong. It must not exceed 12 feet by 12 feet base, and it must not exceed 12 feet in height.

    In other words, don't read it as "not (...)" but as "must (not exceed) ..."

    That said, welcome to natural language instead of propositional logic. :-)

    [–] Quick and unscientific trivially_relocatable benchmark evaned 3 points ago in cpp

    I can believe that it'd be common for a heap to maintain some extra space after an allocation we might be able to borrow

    Personally it seems to me like the "right" way to handle this would be to standardize malloc_usable_size or something like it; or even better, have some spiffy_new operation that returns pointer and usable size.

    In theory try_realloc could still be helpful in case the whole reserved block is smaller than it could be, but I wonder how often that would actually be helpful. Maybe once you pop out of the smaller sizes where typical malloc implementations group allocations of the same equivalence class in terms of size and gets up to mmapping whoe blocks or something? Or for platforms where malloc doesn't do that?

    [–] Any other higher income W2's getting walloped on withholding vs actual liability? evaned 1 points ago in tax

    Right, but my point was that I didn't see how a recalibration (given what I know of how the IRS determines their figures) could affect a simple tax situation that much. From what I know (and I did go check this in one case), the withholding amounts seem to be computed by extrapolating the current paycheck to year-round, computing the tax liability assuming no credits and an amount of deductions proportional to the number of allowances (with 2/single being about $12K, for example), then dividing that amount by the paycheck period.

    Adjust rates down and the withholdings shouldn't move down any more than the liability moves down.

    People who itemize are affected because basically their taxable income changes in ways that aren't seen by the above algorithm, but as you said that's not you.

    But as I was looking at some tables in pub 15, I think I thought of a possible idea. I didn't go work it out so I don't yet really understand how it works, but my spidey senses are going off that it has to do with your joint withholding. Somehow joint withholding dropped faster than joint liability even though it can't for a single job.

    Anyway I'm mostly rambling to myself. :-)

    (And just to clarify, the HR mistake was thinking that maybe there was a coincidence or they changed systems with the new year or something, had to re-enter W4 information, and messed that up. That was basically the best explanation I could come up with.)

    [–] Any other higher income W2's getting walloped on withholding vs actual liability? evaned 1 points ago in tax

    Huh, interesting. That just makes me more suspicious of an HR problem (see my bad habit edit in the previous comment). :-)

    Maybe the withholding figures are generated in a more involved way than I thought though.

    [–] Any other higher income W2's getting walloped on withholding vs actual liability? evaned 1 points ago * (lasted edited 4 days ago) in tax

    I lack the experience of a lot of commenters here (I don't work in tax prep, so I just have the experience of myself, comments I see here and r/personalfinance, and a small number of VITA clients), but I'd be surprised if it's directly an income amount effect.

    Instead -- if you itemize under the new law, you'll see a reduced refund. If you were SALT capped by a marked amount, you'll see a significantly decreased refund. If you had a ton of itemized deductions that were removed (unreimbursed employee expenses, for example), you'll see a significantly decreased refund. (And of course any of those "decreased refund"s could really be "a balance due instead of refund" or "increased balance due", and all assume no W4 adjustments.)

    The flip side is that those -- especially the first two -- probably heavily correlate with income.

    Edit: withholding down 20% though sounds really suspicious. I'd honestly be checking if it's set correctly now.

    [–] Just did my taxes and ended up going from 2,500-3,500 refund to owing 4,200 due to the new tax plan. What's the best way to fix this, adjusting withholding or paying quarterly taxes (or other)? evaned 2 points ago in personalfinance

    I think my withholding is set to 1, I think that's correct, whatever the normal value is for a single person with no dependents.

    That would be '2, single.'

    There's basically no way you are owing $4,200 because of that withholding setting -- something else is going on. Do you have two jobs? Married to someone who also works, and you used "married" on your W4? Significant other income streams?

    Have you checked your paycheck to make sure the withholding setting it's using is actually what you want it to be? Check Pub 15, starting on page 46 or 48. Get your most recent pay stub. Likely the easiest thing to do is to find in the tables starting on page 48 and going for many, many pages your pay period and "filing status" (really whether you selected single/married/married but withhold at the higher single rate (in which case look at single) on your W4). Then find your income, then look in the column for the number of allowances. Compare to what is actually being withholding. Or look at the formulas on page 46 (and 47 if you have a really weird pay situation); I think you have to subtract $4,150 times the number of allowances divided by the number of your pay periods in a year before you use the formulas, but I'm not super familiar with that table. You could also try

    [–] Can I roll over a Traditional IRA to Roth AND contribute to post-tax moneys to a Roth in the same tax year? evaned 2 points ago in personalfinance

    Anywhere from misunderstanding what is going on or what they were doing to starting and not completing a backdoor Roth (as wijwijwij mentioned) to anticipating a different scenario than what they actually achieved (e.g. being able to deduct but then not being able to) and then not adjusting.

    Now... that being said:

    I assumed he was confused about something more basic

    going back and rereading, I wouldn't be surprised.

    [–] I'm sorry r/tax . It meant nothing to me. It'll never happen again. evaned 3 points ago in tax

    Lots of people who weren't subject to AMT were also affected.

    I saw a tax decrease if I do an apples to apples comparison, but it was a very small one in comparison to what it would have been without the SALT cap. I am not and never have been anywhere close to paying AMT from what I can tell.

    A couple thousand dollars less income this year but keeping other numbers the same (or adjusted for the state tax) and I'd have seen an increase relative to running my numbers from this year through last year's laws. Or if I lived in a high-tax state that'd have done it too.

    [–] Can I roll over a Traditional IRA to Roth AND contribute to post-tax moneys to a Roth in the same tax year? evaned 3 points ago in personalfinance

    Your traditional IRA has only pre-tax money. If it has post-tax money it would be a Roth. That's the difference between traditional and Roth.

    buzzer noise

    If you're not eligible to deduct trad IRA contributions, you can still make them, in which case you have post-tax money in your trad IRA. You track the amount as your non-deductible basis. When you withdraw, a portion of your withdrawal is from your non-deductible basis -- that comes out tax-free, because it's post-tax.

    [–] I didn't do my taxes the last 2 years. How do I fix it now? Are my refunds forfeit? evaned 1 points ago in personalfinance

    Unfortunately, I'm not a good person to recommend software.

    If your income was $55K or less, you likely qualify to go to a volunteer tax prep site courtesy of the IRS's VITA program (see the link to search for a location). You should confirm in advance that they can do past year returns.