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Re:FedNow FAQ by runako on Thursday August 18, 2022 @03:30PM (#32513857)
> tax law greatly increased the standard deduction so it's not as big of an issue any more.

As of 2019, only ~11% of filers itemized. It would be a good idea to have a public website where 90% of filers could do their taxes for free.

Re:FedNow FAQ by nightski on Friday August 19, 2022 @01:31AM (#32517785)
I agree but was just pointing out one method through which this could be turned against filers. If the standard deduction was greatly reduced it could cause taxpayers to pay more tax than they needed.

Personally I hate the fact we have so many deductions. I'd love a simplified tax code but I think that would be a tough sell.