Comment on Tax time
Xanthrax@lemmy.world 7 months agoIt’s already like this with free tax returns. It just sucks you have to go through Intuit, because of their lobbying. They’re also counting on you not properly doing your taxes in the OPPOSITE way. They want you to be lazy and pay more in taxes, for the convenience.
EatYouWell@lemmy.world 7 months ago
You apparently misunderstood what I was saying. The IRS is testing a program where they tell you how much you get/owe, and that’s it unless you need to make changes like adding deductions or reporting unreported income.
Xanthrax@lemmy.world 7 months ago
That’s the free program they’re offering already, it’s through Intuit, though.
mosiacmango@lemm.ee 7 months ago
No, it’s not the legacy “free file” program, which Intuit had opted out of. It’s a new pilot program.
dokapuff@lemm.ee 7 months ago
Unless you have more itemized deductions than the standardized deduction would save you, there’s not a point in reporting your deductions.
EatYouWell@lemmy.world 7 months ago
And you’d have to be in a pretty high income bracket or run your own business for that to happen.
I make upper middle class money and keep all receipts and such, and I’ve never had my itemized deductions surpass the standardized deduction. But every year I enter all of it just to see.
If you’re one of the people who do, then you’re likely already have a tax accountant doing your taxes for you.
EatYouWell@lemmy.world 7 months ago
No it’s not. They’re testing out direct filing in 13 states this year, cutting companies like Intuit out of the equation for a giant chunk of the population.