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But most Americans have at least a few deductions. How many Americans have offshore income? Especially the ones that would be relying on gov. tax prep? In this
by missedthecue 4y ago
But most Americans have at least a few deductions. How many Americans have offshore income? Especially the ones that would be relying on gov. tax prep?
In this case, it is mostly one sided
- runako 4y agoSee: https://news.ycombinator.com/item?id=32513370 https://news.ycombinator.com/item?id=32513370 Roughly 90% of Americans file using the standard deduction ($13k for a single person, $26k for a married couple filing jointly). Median household income is ~$67k, so the median household is not itemizing. The remaining 10% of people would not be bound to use the free public system.
- missedthecue 4y agoYou can qualify for a number of deductions without itemizing.
- runako 4y agoCorrect, but in that case there is no impact to your taxes.