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Only about half of Americans have any investment in the stock market - and yes, that includes 401ks. That means more than half the population can file taxes wit
by scott_s 6y ago
Only about half of Americans have any investment in the stock market - and yes, that includes 401ks. That means more than half the population can file taxes without information from brokers or portfolio managers, which means not having that information is not a good reason to not do this.
- jeffbee 6y agoFor people with simple tax returns, aren't they already using the 1040 EZ? Doesn't seem like you'd use TurboTax unless you were itemizing or had a Sched. D to fill out.
- scott_s 6y agoFor many years, I filled out a 1040 EZ, and I used TurboTax to do it. For me, it wasn't about ease of filling out my taxes, as they were trivial. It was about ease of filing my taxes, as it was all online and I didn't have to physically mail anything. So, yes, such people are already using the simplest possible form, but ease of filing is a big deal, and I suspect many people are like me and use online filing software for that just as much as ease of filling out the forms.
- jeffbee 6y agoI guess I'm so old that my personal recollection of the 1040EZ was that you got it in the mail, filled it out, and mailed it back. There was a time wen TurboTax existed and e-File did not yet exist, so filing wasn't one of the benefits of it. I also only just realized that the IRS no longer just mails everybody a form 1040 and instruction book.