Tax Filing Question..

Discussion in 'UPS Union Issues' started by BlackCat, Mar 20, 2014.

  1. BlackCat

    BlackCat Member

    When the day comes when we receive our retro check how are we supposed to file our returns when technically some of that money was EARNED in 2013.

    Are we supposed to amend this years return to show more earnings in 2013?
     
  2. scratch

    scratch Least Best Moderator Staff Member

    I would think that you are taxed for the year you actually receive the money.
     
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  3. brownmonster

    brownmonster Man of Great Wisdom

    You might have to amend 2013 and 2014 the way it's going.:biting:
     
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  4. BlackCat

    BlackCat Member

    I would think the answer by Scratch is the correct one, but i cant find an answer.

    All I find is

    I mean technically we earned it in 2013, just haven't received it.
     
  5. BlackCat

    BlackCat Member

    I guess that makes it a little clearer.
     
  6. scratch

    scratch Least Best Moderator Staff Member

    I did my taxes a few days ago, and I was surprised that I will get some of my money back. Not related to BlackCat's original question, I deducted union dues, work shoes, and socks as work expenses.
     
  7. brownmonster

    brownmonster Man of Great Wisdom

    I tried that. Has to be more then 2% of your AGI.
     
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  8. brownmonster

    brownmonster Man of Great Wisdom

    The first paycheck in January is always money earned in Dec. of the year before. Same situation.
     
  9. brownmonster

    brownmonster Man of Great Wisdom

    The first paycheck in January is always money earned in Dec. of the year before. Same situation.
     
  10. 3 done 3 to go

    3 done 3 to go In control of my own destiny

    Union dues? Really I never realized we could deduct dues. Learn something every day.
     
  11. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    I had $2K in unreimbursed job expenses.



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  12. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    Reading the posts I was like wow has no one really mentioned this yet?!?!?!?
     
  13. EasyTrucker

    EasyTrucker Active Member

    Socks are not required to do the job so shouldn't be in your deductions.

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  14. Avalon

    Avalon Avalon

    I asked my accountant this. She said no matter when it was earned you file it in the year it was taxed. In this case it will be taxed in 2014 (probably) so it is to be taxable income on the 2014 w2 (probably 2014).

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  15. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Your retro check will be added to your total earnings for 2014.
     
  16. upschuck

    upschuck Avatar bet gone wrong

    When you wear shorts, gotta wear their socks. It is part of the uniform.
     
  17. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Union dues, uniform accessories and maintenance, and footwear. I use $10/week for uniform maintenance. I do not include my cellphone as it is not worth the time and effort to determine the work-related portion of my bill.
     
  18. Wally

    Wally Hailing from Parts Unknown.

    Would you go to this site for tax advice?
     
  19. Jackburton

    Jackburton Gone Fish'n

    It's no different than a stock you purchase and sell. You don't pay taxes in the year you bought it and it went up or claim a loss, only in the year you have realized gains or loss.
     
  20. Avalon

    Avalon Avalon

    My brother is a cop. He said razors, shaving cream, electric razors can all be written off if your job has facial hair requirements.
    I have not verified this for myself, but it may be something to look into.

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