Good Riddance, TurboTax. Americans Need a Real ‘Free File’ Program

Re:Good Riddance, TurboTax. Americans Need a Real ‘Free File... by aksss on Wednesday July 21, 2021 @12:54PM (#27908776)

Yeah if you work a W-2 job and the company is making tax deductions from your paycheck, your taxes are pretty simple. If you have a mortgage, you can deduct the interest. I think most people are in this category. Taxes just start getting complicated proportionate to the creative compensation some jobs offer - deferred stock purchase programs, etc., - or if you have some complicated deduction or third-party income sources.

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Re:Good Riddance, TurboTax. Americans Need a Real ‘Free File... by TheCoelacanth on Wednesday July 21, 2021 @01:11PM (#27909040)

> If you have a mortgage, you can deduct the interest. I think most people are in this category

That's true, but you need to have other deductions or a fairly large mortgage for it to be worth taking that deduction instead of the standard deduction. Most people are better off with the standard deduction.

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Re:Good Riddance, TurboTax. Americans Need a Real ‘Free File... by aksss on Monday July 26, 2021 @09:32PM (#27967615)

This is true, especially after the standard deduction nearly doubled for most in 2017.

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