Users questions 

How do I activate my GameStop Power Up Rewards card?

Joe Ford

How do I activate my GameStop Power Up Rewards card?

Just enter the card or account number and PIN on the payment page during the checkout process. To use your gift card, trade credit, or PowerUp Rewards™ card online, it must have a scratch-off PIN. This PIN is located on the back of eligible gift cards.

Who is exempt from Windfall Elimination Provision?

The WEP reduces the Social Security benefit for workers who receive a government pension from employment that is not covered by Social Security. If you have 30 or more years of substantial earnings under Social Security, you are fully exempt from the WEP.

How do I avoid Government Pension Offset?

For this strategy to avoid the GPO, the worker would need to withdraw all of their own contributions (with interest) from the plan, forfeiting any employer contributions (unlike most non-government pensions, many government pensions consist of both employee and employer contributions).

What income affects Social Security?

In the year you reach full retirement age, we deduct $1 in benefits for every $3 you earn above a different limit. In 2021, this limit on your earnings is $50,520. We only count your earnings up to the month before you reach your full retirement age, not your earnings for the entire year.

What is the Social Security income limit for 2020?

$137,700

How much of my Social Security income is taxable?

between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits. more than $34,000, up to 85 percent of your benefits may be taxable.

What can you deduct if you take standard deduction?

If you take the standard deduction on your 2020 tax return, you can deduct up to $300 for cash donations to charity you made during the year. (For 2020 joint returns, the amount allowed is still only $300.) Donations to donor advised funds and certain organizations that support charities are not deductible.

What is the difference between standard deduction and itemized deduction?

You can claim the standard deduction or itemize deductions to lower your taxable income. The standard deduction lowers your income by one fixed amount. On the other hand, itemized deductions are made up of a list of eligible expenses. You can claim whichever lowers your tax bill the most.

What qualifies as an itemized deduction?

Itemized deductions are essentially a list of expenses you can use to reduce your taxable income on your federal tax return. They include medical expenses, taxes, the interest you pay on your home mortgage, and donations to charity.

What can you deduct on your 2020 taxes?

Above-the-Line Tax Deductions

  • Alimony.
  • Educator expenses.
  • Health savings account contributions.
  • IRA contributions.
  • Self-employment deductions.
  • Student loan interest.
  • Charitable contributions.

What can I claim on my taxes if I work from home?

If your home office is used exclusively and regularly for business purposes, you may be able to deduct a portion of your home-related expenses, such as mortgage interest, property taxes, homeowners insurance and some utilities.