3 ms·
Whenever I input my tax data on forms, it always rounded to the nearest dollar. It was strange that accuracy didn't seem to be a big priority.
by david422 3y ago
Whenever I input my tax data on forms, it always rounded to the nearest dollar. It was strange that accuracy didn't seem to be a big priority.
- brewdad 3y agoI imagine over millions of returns it probably evens out. Also, for the majority of taxpayers in the US, the tax table does things like: AGI is 40,001 to 40,025 then your tax is X dollars. Being accurate to the penny isn't worth the trouble.
- david422 3y agoYes, practically I can see why. But when my W2 contains cents, and my tax forms make me sign for accuracy under penalty of whatever blah blah, seems pretty odd that they don't accept my cents and then do their own internal rounding. Maybe it was just the tax software I was using.