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IRS Direct File to open to all 50 states and D.C. for 2025 tax season

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Re: IRS Direct File to open to all 50 states and D.C. for 2025 tax season

#331
post #170
post #139

Earlier quoted context omitted.

I meat this is Y Combinator Hacker News, so I would expect "software engineers in California" to be a significant fraction of the user base here.

The problem is you're exposing yourself as someone extremely self-centered, and someone that assumes their lived experience is equivalent of everyone else's, and adjudicating the utility of this particular thing as if you are reflective of the larger population. Saying the majority of engineers in California make at least $200k makes you even more out of touch. According to Glassdoor, over $200k for a SE in CA is 90t…

>make at least $200k makes you even more out of touch.

$200K as the entry level for FANNG ( what it used to be call ), and then Big Tech and now Magnificent 7 has been the norm on HN since 2016. It wasn't until 2023 did reality started to hit many.

Re: IRS Direct File to open to all 50 states and D.C. for 2025 tax season

#332

Earlier quoted context omitted.

It cost me $490.00 to file my taxes with H&R Block this year. I can't use free software.

Why can't you use freetaxusa?

Form 1116, Form 8938, didn't support state adjustments (dividends in foreign pension accounts), FBAR etc.

Re: IRS Direct File to open to all 50 states and D.C. for 2025 tax season

#333
post #60

Earlier quoted context omitted.

Your company fucked up by not taking withholding from the bonus.

I do get a 20% bonus at this company and I think it is attributed to that. It was my first time getting that bonus. What do I even do here? Talk to HR? I don't think I can do anything and just suck it up and pay it and expect it next year? I dunno.

Talk to HR and ask to review your W-4.

Use your W-2 and this calculator from the IRS[1] - ensure that your W-2 includes the bonus you received (I would imagine it would since you got taxed on it). That should give you the values you need to have in your W-2 to avoid a massive tax bill at the end of the year.

You can also set a additional flat amount of withholding per paycheck. You get any overpayment back as a refund.

[1] https://www.irs.gov/individuals/tax-withholding-estimator

Re: IRS Direct File to open to all 50 states and D.C. for 2025 tax season

#334

I would argue that having to file taxes through a 3rd party accountant or service is not only forced commerce but also broken glass economics. Looks like it helps the economy by creating jobs but the job is redundant and does not create anything of value. Where are crimes more likely to occur, a city with 10,000 or 1 million? Where are financial crimes more likely to occur, people that make $10,000 a year or people t…

Since I cannot respond to everyone that broke of this binary tree and I take you for the view points.

Let say you won the lottery, now you can buy that dream house. Do you get a mortgage or pay off the sum in the cash on hand so you are not losing moneys in interest payments? Why waste money on interest and save in the long run? Which is it, take a mortgage or pay interest?

Take the mortgage and the tax deduction. First open a trust or a shell company. Move $1,000,000 into it to back the house purchase as Lender X. Take a loan against Lender X, which is yourself. Now on the tax deduction, state the amount of interest you paid to yourself as mortgage interest on your house, since you could / didn't pay in cash. Use this to place yourself into a lower tax bracket and put some of those tax dollars into your account. Creative account is legal and can be exploited by the rich. Even more when you use money to maximize the legal loop holes by paying others to find and construct other legal loop holes.

Now try to remove that tax loop hole. Near impossible, this would remove that the tax loop hole that allows others not paying a mortgage to themselves, but to a Lender Y, a actual bank or credit union. This tax deduction is near impossible to remove because it cuts out the middle class and poor ability to buy a house.

Where is crime most likely to happen, in a city of 10,000 (A) or 1 million (B)? 10,000 is 1/100 of 1 million. Now where would you bet single (1) crime will happen, city A or B? City B 100 times more people to commit a crime than city A. Lets rephrase, you have the ability to take 10,000 (A) lottery different lottery tickets or 1 million (B) lottery tickets? Which would you take tickets A or B to maximize your winnings?

Cash based business that don't declare income in hospitality industry as tips. How many of those individuals make 10,000 or 1 million a year? How many people tip in cash versus in credit or debit card? More people have been using credit cards to make purchases versus paying in cash. When was the last time you payed in cash or be a party member in a pure cash based transaction in a restaurant? How many people use their company business credit card to pay for corporate deduction dinners and how many pay in cash?

How do you plug this legal loop hole that places more tax dollars into a rich person's hands? Start by shifting money into a trust or shell company. Pay an artist $5,000 to create a new piece as Company X. Company X now auctions off the art. You, as the hidden supporter of company X, buy the art, and pay yourself at auction, for $50,000. Now you donate that art to a museum or other non-profit that fits the tax deduction bill. I just donated $50,000 because I made the declaration that $5,000 is actually $50,000 as proven by my auction bill, secretly paid to myself.

Lets deploy a use tax. A person that drives more should be paying more for the road, repairs and maintenance. How much do you use your vehicle for person versus business? How much of your driving is just to get to work and back home, or driving from work to lunch and back to work? I'm using my car 80% for work driving to and home, and only 20% for personal. My use tax should be 20% of what I own, my employer should be paying 80% of the usage because it is being used to benefit them, but since I am the owner of the vehicle I pay 100% of the use tax. Now I am being taxed 80% to be employed.

Re: IRS Direct File to open to all 50 states and D.C. for 2025 tax season

#335

Earlier quoted context omitted.

Incorrect. You must not be a US citizen (or else went to a poor quality K12 school that failed to teach the basic civics) States are NOT an administrative subdivision of the larger country. This is a common misconception. They are not at all like Japanese prefectures, not like Canadian provinces, nor like the counties or parishes that US states are subdivided into. States are fully sovereign entities that retain to t…

The US Constitution is not required reading for the citizenship test.

Not formally, but might as well be. Plenty of the questions can be answered by looking them up in the Constitution, and it can be read through and annotated thoroughly in an afternoon.

Re: IRS Direct File to open to all 50 states and D.C. for 2025 tax season

#337
post #84

Earlier quoted context omitted.

Yep, here we go, the condescension of Hn. The point is they know my exact income and should be able to handle it, not make me figure it out at the end of the year. I have no idea why I got a random $5k bill. It could be something else. And that's the annoyance.

The problem is that you are blaming the IRS for something that your employer messed up during the year. The IRS doesn't know about your income until the end of the year, when it gets reported to them by your employer.

I'm not "blaming the IRS" for shit, I'm complaining that they don't give me THEIR side of the information which would massively help you (anyone) figure out issues. Fucks sake the reading comprehension on here.

I'd love to hear you disprove to some omnipotent government entity, with no information from their side, that you did NOT make $150k extra cash last year. Lets go, bud. Prove your lack of $150k. You didn't make an extra $150k last year? Prove it. Show your lack of paystubs against our information that we won't provide you with.

Some of you absolute mental giants think I'm crying about my anecdotes when they're literally just my examples of how the IRS gives you no information and just sends you a bill for $150k. That's the point of the post. I absolutely am not asking for your tax advice.

Re: IRS Direct File to open to all 50 states and D.C. for 2025 tax season

#338
post #36

Earlier quoted context omitted.

The tax system here (usa) is an absolute joke. I owed $5k this year and I literally did nothing different except receive a small 5% raise last year. I have the most basic taxes you can, single, no kids, no house. Literally just a salary paycheck every 2 weeks. Had no idea I would owe anything, much less that much money until I filed 2 weeks prior to our tax date in April and you're expected to pay everything you owe…

Millions of people manage to properly report the sale of their home every year. Don't blame the IRS for this mistake; this was entirely on you.

I had literally nothing to do with the reporting of my house sale. The mortgage broker does that. Keep going though, wise one.
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