06-14-2023
07:07 AM
- last edited on
06-14-2023
09:15 AM
by
kh-vince
I just sent this to my congressman. Please help by doing something similar.
I am 70 years old. I live on Social Security. Like many Americans, I was not able to build a substantial 401k. I had to work full time in manufacturing to pay for living expenses. When you add up all the taxes I've paid (income, sales, property, utilities, licensing fees, road tolls, gas taxes, school taxes, etc.,) there wasn't much left to save for my retirement. I'm not against paying taxes. I understand that we need the services that our government provides. But now that I'm retired, I'm starting to sell off things that I no longer need or want to help enjoy the few years my wife and I have left on this earth. Selling on eBay gives me the income to do that. Please do something about this new requirement. I feel it is unfair and that I have paid enough taxes over my lifetime. Selling on eBay is like having a garage sale. Are we taxing those now? Enough is enough.
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12-06-2023 09:30 AM
Idk what your age has to do with it, but the IRS has deferred the $600 1099's for another year. But, of course you know you should be declaring any sales as income.
12-06-2023 10:44 AM
Why do people keep using age as an excuse to not understand or do things? If you're 73 and I'm 46, you should actually know MORE than I do.
12-06-2023 11:35 AM - edited 12-06-2023 11:36 AM
No two people are in exactly the same tax situation. Some people must file tax returns, while others do not. Of those who file, some will owe tax on $20 of income, while others will owe no tax on $20,000 of income.
If you get a 1099K from eBay, just take it to your tax preparer with all your other information and paperwork. If you do not have a tax preparer, use one of the many free tax services for senior citizens in Michigan:
https://michiganfreetaxhelp.org/free-tax-prep-locations/
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