Comment on IRS braces for $500bn drop in revenue as taxpayers skip filings in wake of DOGE cuts
pezhore@infosec.pub 5 weeks ago
I filed mine mostly because I knew I was going to be getting a refund. I wanted to make sure that I got that money before the IRS was completely fucked. This may be the last year that I purposely overestimate my tax burden (e.g. paying more in taxes than I ideally should).
In the past, people would say that you’re giving the government an interest-free loan - I didn’t really care about that because I knew I would get that money back later. Now? I’m not so sure.
If you are an individual and not a business then the IRS already knows what you have been paid as long as you have been paid by a business.
It’s already reported.
You can’t dodge your taxes unless you are wealthy or a large corporation, us peons are already under the thumb.
RagingRobot@lemmy.world 5 weeks ago
Yeah I usually do the same just to be sure I will never owe anything now I’ll probably change it so I always owe
MutilationWave@lemmy.dbzer0.com 5 weeks ago
This is the right way to go unless you’re totally incompetent with money or a gambling addict.
Anti_Iridium@lemmy.world 4 weeks ago
Or living paycheck to paycheck making this the only way to save for big purchases. Not saying I was the best with money, but it was quite nice to guarantee a chunk of money at the beginning of the year.