I don’t feel like I have a strong answer to that, other than there is a standard deduction applied to all federal tax returns. I suppose this would effectively give you the “tax free” bracket?
Yeah that seems likely given how the US does everything else, make that shit as complicated as possible so someone can fleece someone else and maybe leave some loopholes that someone in the know can exploit …
My wife is an accountant and according to her that’s precisely the reason. Tax software is a major racket, and they spend a lot to make sure the tax code remains unnecessarily complex.
I don’t feel like I have a strong answer to that, other than there is a standard deduction applied to all federal tax returns. I suppose this would effectively give you the “tax free” bracket?
Yeah that sort of makes sense, seems like a lot of extra steps for no reason …
I think the “no reason” might be TurboTax/Intuit/that one tax filing company named after a couple or whatever
Yeah that seems likely given how the US does everything else, make that shit as complicated as possible so someone can fleece someone else and maybe leave some loopholes that someone in the know can exploit …
My wife is an accountant and according to her that’s precisely the reason. Tax software is a major racket, and they spend a lot to make sure the tax code remains unnecessarily complex.
H&R Block
Yup. That’s the one.