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How much I have to pay income tax for $81265

Discussion in 'AdSense' started by Maksud Rahman, Jan 31, 2014.

  1. #1
    Hi,
    I have earned $81265 in 2013. Could you please help me to calculate my income tax for my earning? I did not receive 1099 form yet.
    I live in at Indianapolis, Indiana.
    SEMrush
     
    Maksud Rahman, Jan 31, 2014 IP
    SEMrush
  2. iowadawg

    iowadawg Prominent Member

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    #2
    Why not to to irs.gov?
    Just because you give an amount, no one can tell you because of so many other factors.
    Married or single.
    No kids or 36 kids.
    Buy, lease or rent a home.
    BLah blah blah blah.
     
    iowadawg, Jan 31, 2014 IP
    Densely likes this.
  3. Densely

    Densely Well-Known Member

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    #3
    Nice one, especially the 36 Kids one :oops:
    To OP it's better for you to hire a professional tax consultant (and you have enough money for that)
     
    Densely, Jan 31, 2014 IP
  4. Hama

    Hama Well-Known Member

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    #4
    Are you here to brag about your income or something?

    How are we supposed to calculate the amount of tax that you have to pay when you only give us the amount of money that you have earned in a year.

    Also: http://lmgtfy.com/?q=how+much+income+tax+do+I+have+to+pay+indiana
     
    Hama, Jan 31, 2014 IP
  5. Maksud Rahman

    Maksud Rahman Member

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    #5
    Hey, I'm Single ! So I have not 36 children. :)
    I just rent a Home.

    I got some information from web search " Currently there are no state income tax brackets for Indiana. Instead, IN state tax will be 3.4% of federal income tax liability".

    Not sure its right or wrong ?
     
    Maksud Rahman, Jan 31, 2014 IP
  6. averyz

    averyz Well-Known Member

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    #6
    So you made $81265 but you cannot afford $50 for someone to do your taxes ?
     
    averyz, Jan 31, 2014 IP
  7. Maksud Rahman

    Maksud Rahman Member

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    #7
    yes i did
     
    Maksud Rahman, Jan 31, 2014 IP
  8. snakeair

    snakeair Notable Member

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    #8
    Hire a professional to do your tax's. I wouldn't take any advice from someone on a forum about tax's. I am sure you could afford this.

    I pay to have mine done. Now If I can have 36 kids...
     
    snakeair, Jan 31, 2014 IP
  9. sohel1

    sohel1 Member

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    #9
    Very good earning but i have one question to you that this earning is Adsense or Odesk >
     
    sohel1, Jan 31, 2014 IP
  10. Densely

    Densely Well-Known Member

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    #10
    AdSense and Odesk have same tax liability, so it's worthless to discuss the source of earning.
     
    Densely, Jan 31, 2014 IP
  11. harilaos

    harilaos Greenhorn

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    #11
    That's a pretty good income for 2013, I wonder if you could avoid paying tax altogether though...
     
    harilaos, Feb 1, 2014 IP
  12. Americanbang

    Americanbang Active Member

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    #12
    I'd much rather hear some information on how you achieved that much in earnings from Adsense in a single year ;)
     
    Americanbang, Feb 4, 2014 IP
  13. mahnazkut

    mahnazkut Well-Known Member

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    #13
    Don't worry much about tax thing. Some small business accountant for a few hundred bucks will sort that out. Concentrate on your business mate! I did similar mistakes, no need to worry, there are too many accountants around. It is important to make the money and keep it.
     
    mahnazkut, Feb 10, 2014 IP
  14. christian231

    christian231 Well-Known Member

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    #14
    Personally I always like to ask random people on forums for advice when it comes to taxes, legal matters and medical issues. No need to deal with a professional. Digital Point responses will be far more helpful.
     
    christian231, Feb 10, 2014 IP
  15. metros

    metros Well-Known Member

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    #15
    You might wanna use a professional CPA for that.
    There are so many factors.. not to mention depends on the state you're living at.
     
    metros, Feb 10, 2014 IP
  16. maddyrulez

    maddyrulez Greenhorn

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    #16
    how did u earn so much ?
     
    maddyrulez, Feb 16, 2014 IP
  17. snakeair

    snakeair Notable Member

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    #17
    Why does this matter to you? The only advice we can give the thread creator is to contact a tax professional in his local area to help him do his tax's.

    Another member mentioned a few things that need to be used to do your income tax's.

    You just want to know the thread creators niche to try to use the same keywords and duplicate what he is doing in hopes of earning big money for doing nothing. Let's keep the thread on topic.
     
    snakeair, Feb 16, 2014 IP
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  18. Pahrump Mike

    Pahrump Mike Life Is Good

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    #18
    The best thing I ever did was find a good CPA. You need to avoid self employment taxes as much as possible, and you need to maximize your deductions. I just paid my CPA $2250 for the work he did on two businesses I own (one is adsense), for the past year, and he probably saved me nearly ten times that much in taxes. You will probably want to incorporate, it decreases you chances of being audited and increases your deductions.

    If you don't handle your taxes correctly your self employment tax, alone, will be around $10,000.
     
    Pahrump Mike, Feb 20, 2014 IP
  19. marl09

    marl09 Well-Known Member

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    #19
    How much you need to pay income tax from your Adesne earnings depends on the country you live and their tax laws.In my country i have to pay 20% from all my online earnings.
     
    marl09, Feb 23, 2014 IP
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  20. metros

    metros Well-Known Member

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    #20
    That's nice.
    Is it through LLC/TLD/CORP?
     
    metros, Feb 23, 2014 IP