[removed]

My question is, is it ok what I’m doing. I explained it. Is it ok to pay a couple times on my balance before my statement balance is even out. I still have a couple of weeks until then.

It's still not to late to max out your retirement savings! You have till April 18. Then File an amendment on your tax return. And most importantly just communicate with the IRS. Do not ignore them! I made thaf mistake in my 20s.

And there’s a sub, naturally. r/coastfire

You haven't given details on the house sale. How much did you pay for the house (i.e. purchase price)? How much did you sell the house for? What years did you buy and sell it?

Are you married?

How old are you?

It actually clearly states the period that it is calculating, and it's over the lifetime of my account. I think it may be the time-weighted return method that someone else mentioned.

"I ain't seen nothing" -Johnny tight lips

"You know, you could be a little more helpful" -Fat Tony

I used the modifier "meaningful" just to say I didn't have enough to produce any significant amount. I definitely could've put my $1,200 into the S&P but if I did I certainly wouldn't have $100,000 right now.

I'm not disagreeing with your sentiment, just saying that given my financial situation + real estate knowledge at the time it made a lot of sense to buy the house rather than put my money in the stock market.

How did you get into that debt? How much can you pay off each month? Have you tried to make a deal with the CC and set up a payment plan?

Regardless of your answers, I can't think of a single reason why you should take your $ out of a 401k to pay off some debt you (likely) got buying stuff you didn't need.

$40K in consumer debt has me more worried than that IRS bill. But the IRS will work with you if you inform them!

You may find our Taxes wiki helpful.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[removed]

I think this might be it! I'm gonna do some more research into it. Thanks!

When you capitalized on the equity of your first property you sold, what did you profit? What happened to all the money? Just trying to get a better understanding of the situation here. Also just get on a payment plan with the IRS and pay it off.

Oweing or refund come April 15th is more of a personal preference and circumstance.

Several of our clients basically ignore estimates and pay a fat check at the end of the year because they have such a high RoI that they come out ahead paying penalties and interests.

The average Joe should take your advice and aim for a refund under 1k

It's because if you file with your insurance - they will be sued after by your insurance company. When they win you will get your deductible back anyway. Basically they are just trying to keep this out of court. However - are they doing this for nefarious reasons as in they think they will need to pay a lot more if it goes to court and they think you may be a dummy who will lose themselves in the mess an auto accident becomes or are they just doing it to clear up the court system and handle things amiably. Highly unlikely it's the latter.

>Because by April 18th, I’ll have 0 credit $ until I pay it off, that’s why I’ve been making a couple payments here and there.

what do you mean by this?

but in general, no, you dont need to make all these extra payments. pay your statement balance by your statement due date, and repeat that every single month. do not break the cycle. that is how you use a credit card correctly.

What’s your question?

Paying multiple times vs just once doesn’t save you any money, but it keeps your utilization % down which improves your score.

I don’t schedule it, but I pay off mine like every week or 2 even though I have auto-pay.

[removed]

Sounds like you've had bad luck with shitty vehicles. I usually buy a used car, less than 3 years old, low mileage. That way it's usually still under warranty and you may be able to get an extended warranty. You also bypass the initial depreciation hit of a new car.

File Married Filing Separately.

Then you aren't eligible for premium tax credit, but the repayment limitation seen in Table 5 of the Form 8962 instructions applies because your income would be under 400% FPL for a 1-person tax household. Repayment for someone with 35K income (271% FPL) would be limited to $1650.

Part of it is ill be moving to a city with heavy rain and steep hills, occasional snow and mountains nearby. Overall just safer feeling for me and my loved ones with the better chassis, AWD, more interior space, better airbags and better driving assistance.

The alternative is a corolla or something as my current manual 2d isnt realistic

The unemployment is voluntary for about a year, but ya thats one of the major cons i have listed.

I had more saved up and less debt than this guy when I was making $15 an hour. He is grossly mismanaging his money.

The only answer you need is “talk to the IRS on the phone”. They will help you set up a payment plan. That’s all you need.

Ignore the criticism from Redditors, they have no idea how you feel, nor do they care.

How about doing a balance transfer to lower or zero interest card and maximize your payments on the balance transfer card. I got myself out debt this way a few years back.

There are CCs that will give you Zero interest for a year on balance transfers and you can maximize your payments to quickly pay down your balance.

Or if you don't want to open a new line or credit for a balance transfer card, you can maybe check with your bank or CC and see if they offer very low interest rate on balance transfers.