Re:I Fought the IRS for Over $12K and won
by BorgHunter on Monday April 14, 2025 @10:19AM
(#43681628)
The alternative minimum tax is certainly not the default for most people; you have to make quite a lot for that to be relevant. Do you mean the standard deduction?
Yes my bad.
Re:I Fought the IRS for Over $12K and won
by BobaFloutist on Monday April 14, 2025 @08:20PM
(#43687741)
Standard deduction is great but this is the first year I had enough cash to bother parking it in a Money Market Fund instead of my bank's savings account and whew boy does that have an irritating tax process.
For MOST people you take the standard deduction, and there's now only a handful of legit credits, maybe some small other types of income ... done.
Granted lots of people do NOT want it to be that easy.