Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > General Poker Discussion > Poker Legislation

Reply
 
Thread Tools Display Modes
  #1  
Old 02-01-2007, 09:43 PM
cardcounter0 cardcounter0 is offline
Senior Member
 
Join Date: May 2004
Posts: 6,047
Default Re: tax questions

[ QUOTE ]
In my estimation, the SE Tax will hurt me more than missing out on any extra deductions. It seems to me that filing as a pro is only more beneficial if I have made well over $100,000 and/or I can claim a ton of deductions. Does this sound right?

[/ QUOTE ]

Sounds about right. Of course you deduct half the SE tax you pay, so it is not that bad a hit. I think the break even point starts happening at around 80k of income. Again, get a CPA. You probably have deductions you are not even thinking about like the cost of your computer, etc.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 09:11 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2026, vBulletin Solutions Inc.