News for hackers. Stuff that matters.

A comment on FTC sues Intuit for its deceptive TurboTax “free” filing campaign. Parent comment

Re:FTC sues Intuit for its deceptive TurboTax “free” filing ... by throwaway09223 on Tuesday March 29, 2022 @10:55PM (#30851085)
This would be true if it weren't for the standard deduction. Something like 90% of all filers opt for the standard deduction, obviating the need for itemized expenses.

Almost everyone would be best served by IRS calculated taxes. It's the wealthy and those with non-wage income who need the alphabet schedules.

[ Parent | on HN ]
Re:FTC sues Intuit for its deceptive TurboTax “free” filing ... by runako on Tuesday March 29, 2022 @11:25PM (#30851223)
> those with non-wage income

This is a lot of people now, thanks to the gig economy. Similarly, farmers plus people who work for tips (at employers that do not centralize tips).

[ Parent | on HN ]
Re:FTC sues Intuit for its deceptive TurboTax “free” filing ... by trulyme on Wednesday March 30, 2022 @12:50AM (#30851591)
Genuinly curious: do people in US report tips on their tax forms? (forgive my ignorance - tips are much less common around where I live)
[ Parent | on HN ]
Re:FTC sues Intuit for its deceptive TurboTax “free” filing ... by sgjohnson on Wednesday March 30, 2022 @02:02AM (#30851926)
Not if they are cash tips, obviously.

Because why would anyone do that. But legally speaking, yes, you have to.

[ Parent | on HN ]