Unless you have more itemized deductions than the standardized deduction would save you, there’s not a point in reporting your deductions.
Comment on Tax time
Xanthrax@lemmy.world 7 months agoThat’s the free program they’re offering already, it’s through Intuit, though.
dokapuff@lemm.ee 7 months ago
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.
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.