topic I know for some stupid reason I have to report plasma donation on my taxes. I was compensated under $3,260 in 2016. How much do I "owe" for this income. in Deductions & credits

I know for some stupid reason I have to report plasma donation on my taxes. I was compensated under $3,260 in 2016. How much do I "owe" for this income.

Anonymous — Thu, 06 Jun 2019 13:55:12 GMT

Not worth donating if the IRS takes most of it

The IRS never takes 100% of it. And you are doing a good...

SweetieJean — Thu, 06 Jun 2019 13:55:13 GMT

The IRS never takes 100% of it. And you are doing a good thing,.

The fact I have sat in that center for 208 hours last yea...

Anonymous — Thu, 06 Jun 2019 13:55:14 GMT

The fact I have sat in that center for 208 hours last year and knowing the irs could take any of that and make me owe has a way of making it something I don't want to do anymore

Basically, if you receive money for doing something, it i...

SweetieJean — Thu, 06 Jun 2019 13:55:16 GMT

Basically, if you receive money for doing something, it is taxable.

yup didn't know this either, with the united states seems...

trowabh — Thu, 06 Jun 2019 13:55:17 GMT

yup didn't know this either, with the united states seems like even the good things do not go unpunished

On the other hand, you are getting roughly $15/hr to sit...

xmasbaby0 — Thu, 06 Jun 2019 13:55:19 GMT

On the other hand, you are getting roughly $15/hr to sit there.

Don't get why prostitution is illegal then because you ar...

trowabh — Thu, 06 Jun 2019 13:55:22 GMT

Don't get why prostitution is illegal then because you are basically selling your body but in a different way ha

Based on your other question, you are in the 15% Federal...

SweetieJean — Thu, 06 Jun 2019 13:55:23 GMT

Based on your other question, you are in the 15% Federal bracket, so you will be taxed at 15%, plus whatever your state tax rate is.

http://fairmark.com/general-taxation/reference-room/2017-tax-rate-schedules/