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See: https://news.ycombinator.com/item?id=32513370 https://news.ycombinator.com/item?id=32513370 Roughly 90% of Americans file using the standard deduction ($1
by runako 4y ago
See: 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.