2 ms·
This is true. I still file using the itemized deductions but that’s because I am a single software developer, live in a high-tax state, and have a decent amount
by javagram 8y ago
This is true. I still file using the itemized deductions but that’s because I am a single software developer, live in a high-tax state, and have a decent amount of charitable donations which get me above the standard deduction threshold.
I suspect we will eventually see an IRS prefilled form, anti-tax activists and the tax filing industry can only hold it off so long. Some amount of people will end up overpaying their taxes because they choose to use the prefill rather than itemizing, and some people will feel more entitled to cheat on their taxes (e.g. waiters not reporting cash tips) but then we already see that happen today anyway.