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How would you know if you're going to take the standard deduction without doing your taxes? People wealthy enough to even think that their deductions might exc
by mikestew 3y ago
How would you know if you're going to take the standard deduction without doing your taxes?
People wealthy enough to even think that their deductions might exceed the standard deduction are not only in the vast minority, they're also wealthy enough that paying for TurboTax isn't an issue because they have their accountant do the taxes.
IOW, you're optimizing for the exception, not the majority case.
- iends 3y agoTwo DINKs who live in HCOL areas and donate 10% of their income to charity should be thinking about itemizing, though. We’re talking 250k in salary or so, right?
- mikestew 3y agoYour point being...? What percentage of people do you think fit your description? I stand by my "vast minority" statement, if that's what you're driving at. HN is not the general U. S. population.