Not really- rental housing market sees massive seasonal swing, labor market heavily tied to campus employment, businesses catering to students are strongly represented. A town I grew up in was over 100k people and very much a college town. Obviously a small private college doesn’t have nearly the impact that a large state school does, though. Or a large school but in a massive city. But if something like a 10-25% swing in population can happen seasonally, and the school shutting down would tank the towns economy, then I think it’s safe to say it’s a “college town”
Yeah… it’s a huge influx when the students are here and super peaceful when they are gone. Lol
If you don’t follow my journal (or aren’t caught up with my nonsense), but might have something to weigh-in on the subject:
Am I dumb for trying to make veggie lasagna with no sleep and a baby?
No I think that’s a brilliant sleep deprived babywearing meal.
I don’t think it’s vegetarian if you make it with a baby.
Hahahahahahahaha he is anti wearing these days due to being all grown up. Also he goes from my nose to mid thigh
snort
Is anyone familiar with the Qualified Business Income deduction that was passed with tax reform in 2017ish? I’ve read the instructions several times and I’m still not sure if I qualify. I file Schedule C and am considered a sole proprietor for my side hustle income. Am I eligible for this deduction? @anomalily any experience with this??
Yes, if you file a schedule C you qualify!
So, basically 20% of SE income is tax free???
Yes…it is very nice.
Wow, that is amazing. I think I need to amend my 2019 return.
@anomalily, sorry to bother again.
Stupid question: do you use the “net profit or loss” line 31 from schedule C for Form 8995’s QBI line 1c?
Also, rhetorical question: why are US taxes so complicated???
Makes it harder for us regular people to see how much the system benefits the rich.
Answering rhetorical question: because it is one of the few mechanism congress has to enact incentives and disincentives to behavior and business practices due to our mostly state-based legal system.
Also because every time they try to change it the big tax preparer companies lobby to keep it so complicated you need to pay a professional.
For what’s probably a high majority of people, though, taxes are really easy and a basic guided Q&A software works really well. (Not business owner or self-employed, bottom 4 quintiles of income, holding investments mainly in retirement accounts.) Especially now with the raised standard deductions putting even more people into the category where itemization doesn’t make sense. I don’t think it’s ever taken longer than an hour to file our taxes because we’ve always fit in that category and I think my family is representative of the typical household, especially if you go a few years back when we were closer to the median income.
Maybe I’m wrong on that, let me know if I am.
Can someone recommend a fitness tracker under $100? I’m intrigued by the Amazon Halo, but don’t like the idea of paying for a monthly membership.
Features wanted:
- sleep tracker
- sedentary alarm
- android compatible
- slim design
- not really interested in a big interface for notifications whatever
Former volunteer tax preparer - I can only speak for NYC where I did this, but New York City and Yonkers counties had additional renter and low-income tax credits, so filing taxes was more complicated than average (but more beneficial, with substantial refunds) for the lowest-income households.
But yeah, Big Tax Prep is a scam.