News for hackers. Stuff that matters.
Re:IRS will look into setting up a free e-filing system by Volundr on Wednesday September 07, 2022 @01:44PM (#32753720)
Your barring certain foreign investments your investment income is reported to the IRS very similar to how your W2 income is. Those 1099s aren't just sent to you, they are sent to the IRS as well.

There could easily be a system for updating your dependents with the IRS that doesn't involve doing the whole thing yourself.

Re:IRS will look into setting up a free e-filing system by pfisch on Wednesday September 07, 2022 @01:52PM (#32753820)
Dependent isn't just children, and if you are separated or unmarried it may not even be your children that count as dependents. It doesn't even require you to be the legal guardian.

https://www.irs.gov/help/ita/whom-may-i-claim-as-a-dependent

Re:IRS will look into setting up a free e-filing system by jedberg on Wednesday September 07, 2022 @02:17PM (#32754146)
But almost no one claims those kind of dependents. And furthermore, the government could just say, "last year you claimed these people as dependents, and we checked and they're all still alive, so we'll assume they still are".
Re:IRS will look into setting up a free e-filing system by Volundr on Wednesday September 07, 2022 @06:25PM (#32757910)
Or even just have it be a field on your W-4 to keep up to date.