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Let's not let perfect be the enemy of the good here. Per the IRS's stats, 89% of people take the standard deduction. For those who itemize, the government usua
by Rebelgecko 3y ago
Let's not let perfect be the enemy of the good here. Per the IRS's stats, 89% of people take the standard deduction.
For those who itemize, the government usually knows about most the things you're itemizing. I'm itemizing this year because of 3 things: taxes paid, mortgage interest, and charitable donations. The government already knows about 2 of those, so they could send me prefilled forms that are 95% complete (W-2, investment 1099, mortgage 1098, mortgage 1099 and other bank account 1099-ints, my form 5498 for my IRA, property taxes, etc). I'd much prefer only having to fill in my charitable donations. It would change a job that takes a couple hours into one that takes maybe 15 minutes.