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by toast0 1168 days ago
> Also, people should be able to count their own time when calculating tax preparation costs.

After recent tax changes, there's not a lot of room for itemized deductions. The standard deduction wins in way more cases than before, becuase it was enlarged and common deductions were limited.

1 comments

You may still want to itemize if only to know that you'd be better off with the standard deduction. A lot of people can guesstimate they won't benefit from itemizing, however.
I don't have a mortgage, and file jointly, so I need to find $15k of deductable expenses beyond SALT. It's not impossible, but it's also not likely. On the plus side, I no longer need to collect donation receipts.