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by aksss
1799 days ago
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Yeah if you work a W-2 job and the company is making tax deductions from your paycheck, your taxes are pretty simple. If you have a mortgage, you can deduct the interest. I think most people are in this category. Taxes just start getting complicated proportionate to the creative compensation some jobs offer - deferred stock purchase programs, etc., - or if you have some complicated deduction or third-party income sources. |
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That's true, but you need to have other deductions or a fairly large mortgage for it to be worth taking that deduction instead of the standard deduction. Most people are better off with the standard deduction.