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You're probably better off filing every year. In countries where you just get told what your taxes are, many people don't really even know how to get deductions
by just_boost_it 4y ago
You're probably better off filing every year. In countries where you just get told what your taxes are, many people don't really even know how to get deductions made, let alone know what deductions apply to them. Also, I don't think you need to use intuit or anything like that, I think you can fill out the forms yourself if you really want to avoid that kind of thing.
- scarface74 4y ago90% of people just take the standard deduction. https://www.taxpolicycenter.org/briefing-book/what-standard-deduction https://www.taxpolicycenter.org/briefing-book/what-standard-...
- missedthecue 4y agoMany people can qualify for extra deductions and credits without itemizing. For instance, student loan interest, HSA contributions, investment losses, IRA contributions, alimony payments, tuition expenses, even charity donations can all be deducted even if you took the standard deduction.
- recursive 4y ago> In countries where you just get told what your taxes are, many people don't really even know how to get deductions made I've got some bad news. It's not just those exotic countries. There are people inside the USA that don't understand deductions either. I've lived here my whole life here and I'm in my forties now. I always just use the standard or default. I'm not exactly sure why someone would or would not want a deduction. Are my taxes optimal? Probably not. This is ok. I'd like to at least have the option of having a simpler process.