• Empricorn@feddit.nl
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    5 months ago

    Eat shit, lobbying to make simple tax returns something you have to pay Turbo Tax, H&R Block, etc for.

    • School_Lunch@lemmy.world
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      5 months ago

      I don’t know much about investing, but i wonder if it would it be a good time to short those companies?

      • nova_ad_vitum@lemmy.ca
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        5 months ago

        If you don’t know much about investing then you shouldn’t short anything ever. People who know about investing will tell you that even when your logic is 100 percent sound, the market isn’t that predictable and in general the market can stay irrational longer than you can stay solvent.

  • GodlessCommie@lemmy.world
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    5 months ago

    Free if you have no other exemptions to file.

    1099? Nope Depreciation? Nope Tax credits? Nope

    Makes for a great headline though.

    Im sure those of us that do have exemptions other than the standard will see our tax prep fees skyrocket

      • dan@upvote.au
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        5 months ago

        Some people in the USA want a solution that immediately fixes every possible problem, and don’t quite get the concept of starting small and fixing other stuff over time.

        It’s the same with gun control. Some states want to tighten gun laws, and some people are like “that won’t solve all the problems! We need nationwide laws!”. Sure, but why not accept the win that more and more states are starting to do something, rather than complaining that some problems still exist?

    • thermal_shock@lemmy.world
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      5 months ago

      are you not capable of taking a win? it’s a HUGE step towards disassembling predatory cpas and tax software.

      • UnderpantsWeevil@lemmy.world
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        5 months ago

        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.