this post was submitted on 30 May 2024
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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.
do you think it won't eventually add that stuff? pretty naive to just "meh" and basically call it a failure. nothing happens overnight.
It's not a "failure" but I wouldn't call it a huge win either. It's a small victory with a tiny horn to toot.
IIRC there was a free version of Turbo Tax that did the same thing years ago... so we're catching up to the old free version now.
*An old free version that was purposefully hidden and buried by reverse SEO tactics, but yeah