423 posts shown.
Jesse Anderson2 said:Oops, I don't have a bundle 🙈 just a standard credit assistant, $6.75 monthly
Dammit, I didn't even realize VisaGold doesn't offer that. But hey, goCard lets you pay it off in installments!
be.redy said:For those aged 25-29, it's $2.25 per month.
https://www.chase.com/personal/checking/student-checking#pan2
Laura Jackson51 said:Does anyone here have any actual experience dealing with this bank or their payday loans?
If you take out$1060 over a five-month term, you end up paying back $1068. That works out to $213 per month. Essentially, they're pocketing a commission of $8.25...
It appears they're operating out of Malta.
Carol Price4 said:It’s not mandatory—you can do it if you want, but it's totally up to the taxpayer depending on what works best for them...
Brenda Chase3 said:You are required to enter the data from your 2016 W-2 provided by your former employer, but please rest assured that you won't be double-taxed since the taxes and withholdings on that portion have already been settled. That is precisely why the tax form includes a specific section where you can list exactly how much tax and withholding was already paid.
As for your private savings, there is no need to include that.
Jeremy Booth21 said:Sorry if I’m the only one totally lost here, but I really need to ask. I’ve been digging around but I can't find anyone who's dealt with this exact situation before.
Up until January 31, 2016, I was working for a company, but then I got laid off due to restructuring, and on February 1, 2016, I officially started my own small business.
Now, they’re trying to tell me that on my tax forms, I have to report not just my actual business income starting from February 1st, but also the wages I earned from my old job back in December 2015 and January 2016—even though all the taxes, social security, and withholdings were already handled by my previous employer.
Is that actually how it works? Because honestly, it feels like I'm being taxed twice on the exact same money from my old job.
Also, quick second question: what about interest income from my personal savings account (which I've had for decades)? The bank already automatically handles the taxes on that when they pay out the interest, and it has absolutely nothing to do with my business.
Does that also need to be included on the tax filing? It seems totally ridiculous to me because, again, you'd be taxing money that's already been taxed, plus that interest comes from personal funds that aren't part of my business operations.
Thanks!
Laura Chavez93 said:Has anyone else dealt with JPMorgan Chase closing their accounts lately? It seems to happen after you refuse to answer questions that have absolutely nothing to do with the actual banking relationship—specifically, if you decline to sign off on blanket authorizations allowing them total autonomy over your personal data...
Nathan Morris3 said:Maybe some people might find this German alternative interesting:
https://n26.com/eu/pricing/
electricbadger89 said:What’s the absolute longest an interbank transfer can take when you set it up via online or mobile banking?
In my experience, if you submit the order in the morning, the funds leave your account immediately and usually land in the recipient's account by 6:00 PM at the latest. That's how it has always worked for me.
However, I submitted a transfer yesterday morning. The money was deducted from my balance instantly, but it still hasn't shown up in the recipient's account.
Is this normal, or should I be worried?
From iPhone 15
ruggedmaker2 said:It won't happen because of the way payroll processing has been handled for ages now. Between specific transaction codes for direct deposits, commuting stipends, and the standard ACH transfers, everything is accounted for.
Every single transfer clearly shows that Person X received their wages at Bank Y, specifically labeled as payroll.
If you're just moving that money electronically to another account, there's a digital paper trail for everything, so there isn't actually an issue there.
ironcyclist58 said:I don't know how things work in other countries, but from where I'm sitting, there are some massive gray areas here.
For instance, once you finally explain where your money is coming from, does that cover just the past transactions, or are you set for the future too?
Take someone who mentioned they get their paycheck at one bank and then immediately wire the whole thing over to another account just to dodge fees or whatever... the IRS is going to start waving red flags pretty fast. It looks like that person is pulling double wages every single month. Once they explain their setup, is that a one-and-done deal, or will they be getting flagged again every few months because the pattern keeps repeating?
Then there’s the headache of gambling winnings. Apparently, people aren't getting official payout slips, which sounds sketchy to me. If that's the case, how are you even supposed to prove where that cash actually came from?
Kimberly Roberts3 said:exactly, you’re stuck in this position where you have to justify everything, and it all comes down to whether some IRS agent decides to believe your story or just labels it extra income and hits you with taxes plus penalties.
my checking account is full of transactions that have absolutely nothing to do with my income, usually just small amounts of a few hundred bucks here and there, but honestly, why should I ever have to explain my personal business with friends or family or who lent what to whom to whom
here's a perfect example of stuff that shouldn't be any government business and why I shouldn't even be in a spot where I have to explain myself:
it's Friend A's birthday, so I buy a gift that's split between me and Friend B, and then Friend B transfers her share of the cash into my checking account
or a buddy needs to buy something online but doesn't have a card, or his account is maxed out, or whatever... so I pay for it with my card and he just transfers the exact amount back to my checking account
so why on earth should I have to explain that, or waste my precious time dealing with the IRS and losing my mind wondering if they'll actually accept my reasoning or not?
it's just common sense gone out the window... 😵
swiftbear86 said:That’s just how you see it.
If someone is shelling out an extra $300$133 every month just to cover their prescriptions, getting a reimbursement check back in their account feels like a win, regardless of the paperwork.😁
And if you have a procedure lined up—something predictable like a scheduled surgery—you just give your insurance provider a heads-up. They handle the bill directly with the hospital so you aren't stuck footing the cost yourself.
It’s also true that older folks often struggle navigating all this digital red tape; they usually need a younger family member to step in and help them out.
Down the road, I expect insurance companies will ink more deals with healthcare providers, eventually making those insurance cards work just like a debit card at the register.
Back when I was with Wells Fargo, most things had to be handled through reimbursements. But nowadays, it works everywhere (like at the Mayo Clinic or Fannie Mae) because they all signed new contracts back in November.
driftingmoose57 said:So, according to you, we’re all just public servants waiting to be screwed over by the IRS? Like everyone's a suspect? Honestly, it’s insulting. I’ve spent my entire life working hard and playing by the rules here in America, while the self-proclaimed "patriots," the high-ranking officials, and those "pillars of society" are busy stashing their cash in Monaco.