I'm in the state of Georgia, single, 36 years old. Regular job income for 2018 was $19,667.59. I missed some time due to surgery and/or job hunting. I had health insurance through the job from January - October, but not in November and December.
A few months into 2018, I saw that I was going to need a future surgery. It was going to cost a good bit and I had not met my deductible for health insurance for the year. I went around to estate sales/yard sales, looking for uncommon stuff to re-sell on Ebay that might fetch a profit. I came across one estate sale where they had a bunch of Canon toner cartridges, some slightly used and others were new and sealed. I guess the guy had his own copier company or something. I bought a big lot of them for $1,000 cash. I haven't counted how many of them I sold - probably like 100 or something, but I sold them in sets of varying numbers. No idea what I did with the receipt that they gave me at the estate sale, which was basically just a hand-written and fairly vague receipt anyway from the estate sale person. I'm not looking to take that $1,000 off as a deduction because I don't have proof and I want the peace of mind to not just assume an amount.
This was not a home business, just some personal stuff (a bunch of office supplies that I had in the attic from years ago) that I sold along with the said toners. My understanding is that this income is simply added as regular income (not self-employment) and that the deductions for stuff like Ebay fees and shipping fees can be deducted from those things to get the total profit amount to report:
Total Ebay Fees: $1,085.11
Total Ebay Shipping Fees: $1,039.47
I also have medical deductions that are $2,801.78
The online programs don't seem to be of much help in helping me figure out approximately what my refund might be. They don't include some things. Just trying to get a ballpark figure. Total income of $26,493.40. After the deductions, I get $21,567.04. How do I figure out my tax liability from that amount and do I qualify for any credits or anything?
Total federal withholdings: $1,328.56
Total state withholdings: $726.71
A few months into 2018, I saw that I was going to need a future surgery. It was going to cost a good bit and I had not met my deductible for health insurance for the year. I went around to estate sales/yard sales, looking for uncommon stuff to re-sell on Ebay that might fetch a profit. I came across one estate sale where they had a bunch of Canon toner cartridges, some slightly used and others were new and sealed. I guess the guy had his own copier company or something. I bought a big lot of them for $1,000 cash. I haven't counted how many of them I sold - probably like 100 or something, but I sold them in sets of varying numbers. No idea what I did with the receipt that they gave me at the estate sale, which was basically just a hand-written and fairly vague receipt anyway from the estate sale person. I'm not looking to take that $1,000 off as a deduction because I don't have proof and I want the peace of mind to not just assume an amount.
Total Ebay Sales/Payments Received for 2018: $6,825.81This was not a home business, just some personal stuff (a bunch of office supplies that I had in the attic from years ago) that I sold along with the said toners. My understanding is that this income is simply added as regular income (not self-employment) and that the deductions for stuff like Ebay fees and shipping fees can be deducted from those things to get the total profit amount to report:
Total Ebay Fees: $1,085.11
Total Ebay Shipping Fees: $1,039.47
I also have medical deductions that are $2,801.78
The online programs don't seem to be of much help in helping me figure out approximately what my refund might be. They don't include some things. Just trying to get a ballpark figure. Total income of $26,493.40. After the deductions, I get $21,567.04. How do I figure out my tax liability from that amount and do I qualify for any credits or anything?
Total federal withholdings: $1,328.56
Total state withholdings: $726.71
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