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A comment on Good Riddance, TurboTax. Americans Need a Real ‘Free File’ Program. Parent comment

Re:Good Riddance, TurboTax. Americans Need a Real ‘Free File... by sseagull on Wednesday July 21, 2021 @08:08AM (#27905193)
There are many possible deductions, however a lot of people can’t/shouldn’t use them because of the large standard deduction. The question is how many people file taxes which are basically W2 plus standard deduction? My bet is quite a lot.

Don’t let the perfect be the enemy of the good.

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Re:Good Riddance, TurboTax. Americans Need a Real ‘Free File... by acdha on Wednesday July 21, 2021 @09:48AM (#27906210)
The figures I’ve seen have around 80% of taxpayers taking the standard deduction:

https://taxfoundation.org/standard-deduction-itemized-deduct...

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Re:Good Riddance, TurboTax. Americans Need a Real ‘Free File... by sseagull on Wednesday July 21, 2021 @10:22AM (#27906653)
I feel like that is about right, especially with the higher standard deduction.

I bought a house early last year for 250k. Including all the interest, fees, taxes, etc, plus all my family's medical expenses, and even things that I'm not sure I could include, I still couldn't reach the standard deduction. It really is a lot of money for most people.

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