Do Not Try Data Entry from Home for Extra Income

I do not recommend that anyone try to make extra money by doing data entry.  There are a few reasons for this and I will go into them in more detail.  For the most part, it is like a scam because you can never really do enough work in order to make anything like a decent wage.

Doing data entry from home is not going to produce as much income as, say, writing freelance articles would. Instead of entering data, consider writing articles instead and getting paid a few dollars per article.  This may not sound very exciting, until you consider the implications of writing about 5 to 10 articles every day.  When you do that with discipline then the numbers start to work in your favor and you can make a real part time income from it.  At worst, if you are writing 10 articles per day you will easily clear 500 bucks for the month, and some people can do this in right around 2 hours of work per day.  It all depends on how fast you are at composing new material.

Now another alternative to online data entry work is for you to publish new content on your own websites, and then promote your site to the point that you start getting natural traffic to it every day.  This sounds like a complicated process but it is actually fairly easy to accomplish if you are willing to work at it over time.  Eventually, you will get traffic flowing to it every day and then you can do various things to make money from that daily traffic.  At this point the income you make from your website will be largely passive and you will not have to work much, if at all, in order to maintain it.  A nice setup if you can put forth the effort to make it all work.

Are Social Security Benefits Taxable?

Are Social Security Benefits Taxable?

Marital status and your annual income are the two deciding factors in determining how much of your Social Security Benefits are taxable. The really good news is that Social Security Benefits are not taxable if they are your only income for the tax year. And since your only income is not taxable, filing a return with the IRS is not necessary. Two great advantages.

If you did work during the year or had other forms of income then you will need to determine how much of your Social Security Benefits will be taxed. There is … Read more at 2009 Taxes

Are Social Security Benefits Taxable?

Marital status and your annual income are the two deciding factors in determining how much of your Social Security Benefits are taxable. The really good news is that Social Security Benefits are not taxable if they are your only income for the tax year. And since your only income is not taxable, filing a return with the IRS is not necessary. Two great advantages.

If you did work during the year or had other forms of income then you will need to determine how much of your Social Security Benefits will be taxed. There is a worksheet to complete in the instruction book for the 1040 or the 1040A forms. The quick check is to add 50% of your SS Benefits to your other income and see if the amount is here than the ‘base’ amount for your filing status.

Base amounts are $32,000 for married couples filing jointly, $25,000 for un-married tax filers and married tax filers who did not live with their spouse, and $0 for married couples that are filing separately. Another case were filing separately as a married couple increases your tax burden with the Federal government. For complete instruction take a look at Publication 915.

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