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Entering your income is easy enough if you're a salaried employee with a W2 form. The time consuming part is searching for and entering deductions. The tax code
by weberer 1y ago
Entering your income is easy enough if you're a salaried employee with a W2 form. The time consuming part is searching for and entering deductions. The tax code is ridiculously complex and there are forms for all sorts of deductions.
- jonas21 1y ago90% of people take the standard deduction, which takes maybe 10 seconds to enter.
- throw678937 1y agoEven if you're pulling in 100% of your income through a W-2 job and you're sure you're not itemizing, you have to consider excluded income, above-the-line deductions, and refundable and non-refundable credits. Oh, and do you live alone or might you claim a dependent,[1] and on and on and on. People spend their whole lives on this stuff and still don't understand the half of it. [1] https://drive.google.com/file/d/1xtyyMPczy6nuj_QR4Jy4J8sf8f3yEQuc/view?usp=drivesdk https://drive.google.com/file/d/1xtyyMPczy6nuj_QR4Jy4J8sf8f3...