4 ms·

But the majority of Americans have only w2 income and no deductions

• 1123581321 4y ago
  Their taxes are easy, too. Just a handful of clicks through a free e-filing system. Most can also use a free in-person filing service (VITA.) Most of the thousands of hours you hear about comes from working through legitimate complexity (complicated assets, stock splits, self-employment, etc.) That’s not to say it wouldn’t be good to have more computing thrown at automating the rules for that complexity.
  • Turing_Machine 4y ago
    Right. Even a paper 1040EZ doesn't take more than a few minutes... probably even less online.
    • ghaff 4y ago
      The 1040EZ was eliminated I believe. But the same applies to the 1040 if you're just basically entering W2 info.
• sidewndr46 4y ago
  If you're an American and have 0 deductions you're seriously incompetent as an adult. The standard deduction is available to almost all taxpayers and requires no evidence, documentation, or proof of any kind: https://apps.irs.gov/app/vita/content/00/00_13_005.jsp#:~:text=The%20standard%20deduction%20amounts%20for,%E2%80%93%20%2412%2C950%20(increase%20of%20%24400) https://apps.irs.gov/app/vita/content/00/00_13_005.jsp#:~:te...