Freetaxusa is essentially always the answer

It seems like you’ve come around but also read this

Mortgage or invest: https://reddit.com/r/personalfinance/comments/zssug0/_/j1ddljd/?context=1

Further keep in mind that rental mortgage interest is always fully deductible so your rate net of tax is even lower

Yeah that’s not really a concern right now

>Will my credit score improve after taking it (eliminating the CC debt) or will it ruin it more with this loan I'd be taking out?

If you've defaulted on $6k of credit card debt and are about to get sued, you may not even qualify for a loan and your score is likely a ways away from improving, so its not really a consideration

>Other than raising a dispute and canceling my card, is there anything else I should do?

Nope

>I'm trying to figure out how my card info got out, and I'm coming up empty.

You won't. I've had fraud on cards that had never left the envelope they came in.

>I don't have high hopes of getting my money back since it was on my debit card.

Why? Debit cards have Reg E protections.

>Any advice on how to handle that?

You'll be refunded so don't fret

Just for clarity, owning a home doesn't necessarily save you on taxes, but having a mortgage can

>. Can someone break it down for me ?

If your mortgage interest plus state and local taxes (and other itemized deductions) exceed the standard deduction, you may save some taxes if you itemize (which seems likely at your income level).

That said, I don't remember the threshold for the AMT under TCJA so that may complicate things

Can't do anything until it posts, so just chill for a minute

Is it pending or posted?

Young adults frequently have. Problems opening accounts online due to identify verification issues

Yes holds on large checks are normal and typically backed up by big data from other depositors or institutions.

Start here: https://www.reddit.com/r/personalfinance/wiki/commontopics

Start here: https://www.reddit.com/r/personalfinance/wiki/commontopics

For many people there is no next level. You just do more of what you’re already doing.

Man you guys are quick

1099-NEC is for a contractor, I.e. self employment.

If he has more than $400 in net self employment income he has a filing requirement.

Whether he should have been an employer is another issue.

Was that his only income? Where’s the other $5k from?

Why was he going to owe money?

Was he self employed?

Did he have unearned income?

If he is below the filing requirement he essentially can’t owe, so there’s something going on

Banks and CUs: https://www.doctorofcredit.com/high-interest-savings-to-get/amp/ https://www.reddit.com/r/personalfinance/wiki/banks_and_credit_unions

Refund went down: https://reddit.com/r/personalfinance/comments/111j2s2/why_did_my_tax_return_go_down_omnibus_edition/

Start here: https://www.reddit.com/r/personalfinance/wiki/commontopics

Something like this?

http://www.lazyportfolioetf.com/sp-500-sector-returns/

Or this

https://novelinvestor.com/sector-performance/

Your account should show that information.

Banks and CUs: https://www.doctorofcredit.com/high-interest-savings-to-get/amp/ https://www.reddit.com/r/personalfinance/wiki/banks_and_credit_unions

It was. Bills are zero coupon. You buy at a discount and then receive the full face upon maturity.

It’s not unexpected for someone your age to have not filed.

If you were reporting $360,000 in income, maybe that’d get more attention. But your earnings is in line with your age

> How does the IRS know I’m being accurate? Will they audit me?

Usually some level of statistical sampling. The very old computer does math to determine if your return is odd enough to warrant additional information.

Self employed persons are more likely to get audited but the number of audits is still tiny.

If your taxes are accurate, nothing to worry about.