Pretty sure poor people don’t have enough money to hire someone who can write off losses
Comment on YSK that americans can now deduce private jet expenses from their taxes
Hathaway@lemmy.zip 13 hours agoThat’s the point. Poor people gambling can’t write off their losses on taxes. Well, they can, just only up to 90%. Rather than all of it like it has been.
quick_snail@feddit.nl 13 hours ago
some_kind_of_guy@lemmy.world 12 hours ago
They don’t make enough to itemize in the first place, they’ll just take the standard deduction. (Unless they lost like $20k on scratchers somehow)
burgermeister@sh.itjust.works 13 hours ago
Anyone can write off stuff on their taxes. It’s pretty easy actually.
Pyr_Pressure@lemmy.ca 12 hours ago
I’m always terrified to write stuff off because I fear I will accidentally write something off that I’m not really allowed to due to some obscure legalese and then I will get audited in 5 five years and owe 10 grand in late fees and interest or some shit.
AA5B@lemmy.world 2 hours ago
It’s not too bad as long as you’re not a dick about it. One year I marked myself as head of household instead of single. I’m not even sure why I did it. I only thought “huh, this saved a lot on my taxes”, and really had no idea what I was doing. They sent back a correction and how much i owed. I paid and that was it. Not scary at all.
Of course in today’s world all about spite and punishment I could imagine it being much worse
burgermeister@sh.itjust.works 10 hours ago
I too get nervous every time I do my taxes but I figure if I’m honest about it they’ll forgive most mistakes
Hathaway@lemmy.zip 13 hours ago
It’s not hard to file taxes. Especially for an individual, with a normal W2 income, and not much else. Certain people try to make it hard, but it’s not.
I don’t need to pay someone to put a number on a form.
toddestan@lemmy.world 12 hours ago
Most poor people probably just take the standard deduction anyway. It’s not like they have enough money to accumulate a large amount of deductible expenses anyway. Possible exceptions might be large medical expenses or a mortgage.
quick_snail@feddit.nl 12 hours ago
The rest of the world: nah, its insane and difficult that you have to file taxes
AA5B@lemmy.world 2 hours ago
Does it require them to itemize? Most cant