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If you list an item that is desirable and likely to sell within 90 days, then why are you wasting your precious time worrying about a 20 cent a month fee???
List your items for sale and collect money.
List 100 items at 20 cents a listing – $20.
Sell ONE item of that 100 in the month for $20 and you have covered all the fees.In reality you will sell much more than one – more likely 10-20 of them. You can sell even more if the items are desirable and you price right.
Cold locations exist year round somewhere in the world. Hot locations exist year round somewhere in the world.
However, stores do NOT sell seasonal items year round so needy buyers turn to ebay.
Think about it – you are planning an off season trip to the beach. You can’t shop for swimsuits at stores because they don’t stock swimwear in the fall/winter.
Same issue with winter or fall apparel in the summertime. Always have your items available for purchase.
Our cat is toilet trained.
…I wonder if we could get him to use a public toilet on a leash when traveling… 😀I used this calculator to figure your federal tax liability. Assuming 100000 in pay with 5 kids, your federal tax liability is $0 taking the standard deduction.
Estimated Tax Analysis
Gross income
(subject to personal rates) $90,000
Taxable Pass-Through Income + $0
Traditional IRA contributions – $0
Adjusted gross income = $90,000
Standard/Itemized deductions – $24,400
Taxable income = $65,600
Tax liability before credits
(includes taxes on pass-through income) $7,484
Child tax credits – $10,000
Family tax credits – $0
Estimated tax liability = $0I ran turbotax and H&R block calculators as well putting in more of your likely information. These are worst case scenarios with no deductions other than the standard.
There is 100% something wrong with your taxes. You should have got back every penny PLUS several thousand, because the child tax credit is REFUNDABLE. Your tax burden is zero, but you get back some of the child tax credit as cash money. My assumption is that you did not put in your kids social security numbers and the tax credit wasn’t there. Without the SS#, the tax credit won’t show up.
It doesn’t make sense that you think the $2k per child credit is worse than personal deduction.
At a 22% tax rate, the $2k credit is the same as a $9090 deduction. Times 5 kids that is a $45454 deduction.
So what am I missing here? How is it that the personal deduction plus the doubled standard deduction is worse?
Your property tax was $9k, so that means you only got to deduct $1k of your state income tax. Is that where they got you? You’re in Ohio, so assuming you lived in Columbus (expensive) and made $165k (I’m shooting for the moon here for worst case), your state tax burden would be just under $6k.
https://smartasset.com/taxes/ohio-tax-calculator#X0VQGyfjTXSo you’d be missing out on deducting $5k there. The child tax credit increase more than makes up for that.
I’m perplexed… I’m don’t know what I’m missing here but I would really like to understand.
I use turbotax home & business and it is way more thorough than the standard turbotax software.
And if your child is 16-23 and a student, you can get a $500 tax credit.
https://turbotax.intuit.com/tax-tips/family/rules-for-claiming-a-dependent-on-your-tax-return/L8LODbx94If your taxable income is less than $75k this is a better deal than the dependent deduction now. If your income is more it’s not quite as good.
Is it possible something is wrong on your return?
The credit for children was doubled to $2k,the standard deduction was also doubled to $24k, the tax bracket % was lowered slightly and the thresholds were slightly raised.
So net you should have come out better unless your kids are older than 16. It is kind of crappy they capped it at 16. Kids aren’t even out of high school until usually 18!The big hiccup was the SALT cap at $10k. Personally, it is mind boggling to my lowly redneck West Virginian brain that anyone would WANT to live in an area with that high of property taxes. I have a 2100 sq ft house in an excellent neighborhood and my property tax for the year is $1200. There’s no way I’d live in an area where I paid $10-20k in taxes a year on the house I own. Thats nuts!
As for the $750k cap on mortgage interest claims? Yeah I have no sympathy for someone who can afford a $750k mortage and its associated interest. Next.
The 20% passthrough deduction for my ebay business doesn’t really mean much. After deductions I don’t make much at all – $30k+ in sales equated to a taxable $1200 income this year. My savings there was like $29. Yay for business deductions!
In the end, my paycheck withholding was lower this year and my refund was double what it normally is. I fell in the sweet spot of maximum return with 4 kids under 16 and due to my low propterty taxes and mortgage interest I always take the standard anyway as it is VERY hard to beat in my area.
Scavenging on the edges is how you keep learning and expanding knowledge too.
When you walk into a thrift that appears to be crap you have a choice:
1. Buy nothing and complain about a lack of inventory supply.
2. Push yourself to expand your knowledge and find the hidden treasures.Once you find enough hidden treasures, they aren’t so hidden anymore.
Once upon a time I would have to look at every single shirt in the mens or womens racks and look up a TON of them. Know I can just glance through with half focused eyes only looking at the collars and exposed sleeves and maybe run my hand across them and find multiple treasures in mere minutes.
Same with shoes: I can tell the good ones just by a glance and a touch before I even see the name brand.
I know there are some folks on here that are this same way with paintings, glass, and pottery. I am not there yet as I don’t really like these categories. Some higher value items still occasionally catch my eye though.
The quality items eventually become obvious to your trained eye.
If auctions were good in my area I convert to them in a heartbeat. They aren’t though, so thrift stores it is!
J&R have also largely quit buying clothes/shoes and stick to hard goods. Currently Goodwill and other thrifts are TERRIBLE places to shop for hard goods. They cherry pick all the good stuff for their own auction website and everything else on their shelves is horribly over priced. The change happened almost overnight in my area. That is why I switched from hard goods to clothes/shoes!
ALl my electronics, toys, and hard goods mainly come from yard sales now.
Well the only good thing from this era is that it is pretty easy to cull the crap cards from the good cards.
One tip: In Topps cards, you will mostly find crap quality card stock that is matte finish and they just look…crappy. If you see Topps cards from mid 80’s thru early 90’s that are gloss finish and much brighter in general, these are “mostly” referred to as Topps Tiffany cards.
If you can get good at identifying the tiffany cards in there, you stand to make some money.
https://www.beckett.com/news/how-to-identify-topps-tiffany-baseball-cards-using-the-star-method/
I can 100% guarantee you that the CSR did NOT “make a note”. They never do.
What I have done with unpaid items when I go on vacation is pack them up for shipment and take it with me. Then if they pay I print a label in the business center of the hotel we are at and ship it.
Items in Store 1078
Items Sold 17
Total Sales $412.00
COGS $53.25
Total Profit $358.75
Average profit $21.10
Average sales price $24.24
New Listings 31Staying consistent with listing, not scavenging, and just trying to weather what I hope is a 2 month blip in sales due to the tax situation for blue state buyers. Tax wise for me, I have 4 children so I made out like a bandit with my biggest refund ever even after adjusting my withholding at my day job. For my business, I officially made $1200 this year. Last year I made $0 after deductions.
Had a crappy setback financially yesterday. Our dog ate a leash recently (yes, a leash…among other things). When I went to take her out yesterday morning, she was limp with tongue hanging out, and cold with the occasional involuntary twitch. She had lost bladder control as well. This was as dead as a dog can possibly be and still have a heartbeat. She was as cold as the concrete floor in the garage – no exaggeration.
I brought my kids down to say their goodbyes, and my daughter asked me to try to take her to the vet. It was a 20 minute drive and I figured she would be fully gone by the time we got there, but she was still inexplicably alive. The vet could not read any of her vitals except heart rate because they were all below the range of instrumentation, including temperature.After a few hours they had her temp up to 82 (100.5 is normal) and she was lifting her head and looking around. Her bloodwork basically said she had no red blood cells, no white cells – all the markers were bottomed out at the base of range…basically her blood was water because she was bleeding out in her intestines. They brought her out for us to see her before we left and I felt like I was seeing a ghost after what I saw at 6 that morning. She stood and even wagged her tail when we petted her.
By evening she was stable enough for surgery. The vet removed a ziplock baggy full of nylon from her stomach and intestines. She rebounded so well that I actually brought her home this morning.
I am still in shock that our little dog survived. The emergency vet has never seen any case like it, from how she came in to how quickly she recovered.
And that is the tale of how our $40 pound puppy became a $2500 puppy, and how my fresh tax return disappeared as quick as I got it.
I was able to send out a bunch of offers through the link Jay posted. I’ve done this a few times with no success.
Today I discounted fairly steeply – 30-40%. They were all items that are pretty old based on the photo backgrounds.
Ok so I finished downloading the update. Guess what – NO offers to watchers anywhere….
There is one major improvement though – ALL of my items now appear in active listings.
I never did get the promised “make offer to buyers” option on my ebay seller page.
I haven’t updated my app in a while. I am downloading the update now. It says in the update description this:“Lots of updates this time, including being able to send offers to anyone who asks a question or is watching their listing.”
So yep, this is on the mobile app now.
