But that’s only really makes sense in like the simplest of cases. The government doesn’t know if you had a kid this year, or maybe you bought an EV, or maybe you started renting out a room in your home.
If all you have is a single W2 income; then by all means go to your local library, grab a 1040-EZ form, fill it out, and drop it in the mail. Will probably only take you 10 minutes or less.
In all but the most niche cases, they do in fact know that you had a kid. That being said, most things they have a pretty good idea about (or could) and they could easily adopt the system that they do in a lot of other countries where the government sends to a tax form all filled out that says, “we think you owe this much.” Then you just provide the exemptions you listed.
This would save a considerable amount of time when I file my taxes by just being able to double check they got cost basis correct on stocks sold and applied appropriate credits for mortgage interest and what not.
But that’s only really makes sense in like the simplest of cases. The government doesn’t know if you had a kid this year, or maybe you bought an EV, or maybe you started renting out a room in your home.
If all you have is a single W2 income; then by all means go to your local library, grab a 1040-EZ form, fill it out, and drop it in the mail. Will probably only take you 10 minutes or less.
In all but the most niche cases, they do in fact know that you had a kid. That being said, most things they have a pretty good idea about (or could) and they could easily adopt the system that they do in a lot of other countries where the government sends to a tax form all filled out that says, “we think you owe this much.” Then you just provide the exemptions you listed.
This would save a considerable amount of time when I file my taxes by just being able to double check they got cost basis correct on stocks sold and applied appropriate credits for mortgage interest and what not.
HAHAHA yah, they don’t know those things about you……sure……
Yes they do. See, scandinavian countries.
Okay but RIGHT NOW they don’t know. Sure it’s possible for them to track it, but they do not, and the infrastructure isn’t set up to do that.
Okay. I concede to your point, Ithink you’re more correct than I was.