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I make <20k a year (student). I spend about 1 hour doing my taxes, and I don't have any investments or anything. I cannot imagine how long it takes someone wit
by TruthElixirX 15y ago
I make <20k a year (student). I spend about 1 hour doing my taxes, and I don't have any investments or anything.
I cannot imagine how long it takes someone with property, 401ks, etc.
- patio11 15y agoAnecdata: I have a very complicated return due to self employment while overseas, and it takes 3 solid days. Of course, most of the compliance burden is on tax professionals working for business.
- econ101 15y agoI think we're probably losing 3 to 6 new software features every year due to the administrative burden on you alone. We all lose out when the labor of any of us is destroyed needlessly.
- muzz 15y ago401k takes no time on your taxes. The amount you've contributed is already reflected in your (lower) taxable income on your W-2.
- abalashov 15y agoI'm self-employed, but in a relatively simple situation as such things go (single-member LLC), and, aside from my mortgage, no non-trivial assets or investments. It still takes me a solid day and a half to put together my return, and a few additional hours over the next 1-2 days sorting out fine points/details.