it’s a HUGE step towards disassembling predatory cpas and tax software.
Its a regular sized step, as its targeted primarily at simple filers. But the cutoff is incredibly low. You can’t use it if you’ve got retirement savings through an IRA, if you’ve got deductions for college expenses, or if you’re claiming the child care deduction. I’d wager that’s at least half the people who bother to file returns.
Definitely good news for folks that H&R Block likes to fleece - anyone collecting EITC or Child Tax Credits and not much else. But hardly universal.
are you not capable of taking a win? it’s a HUGE step towards disassembling predatory cpas and tax software.
Its a regular sized step, as its targeted primarily at simple filers. But the cutoff is incredibly low. You can’t use it if you’ve got retirement savings through an IRA, if you’ve got deductions for college expenses, or if you’re claiming the child care deduction. I’d wager that’s at least half the people who bother to file returns.
Definitely good news for folks that H&R Block likes to fleece - anyone collecting EITC or Child Tax Credits and not much else. But hardly universal.