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PaperclipPerfector  17d ago (text post)   3063 thread views

Small-Scale Question Sunday for April 13, 2025

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This is your opportunity to ask questions. No question too simple or too silly.

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Does anyone else get really fucking angry at the way the 1040 lumps capital gains in with ordinary income, then makes you do an entire separate and needlessly convoluted process to separate them back out?
Literally just change the steps to put long term cap gains and qualified dividends in their own box on the 1040, it could be so much easier!

Yes, I am finishing my taxes tonight. If I wait till the last second the feds don't earn any interest on my payment.

Or how qualified dividends are included in your ordinary dividends, which are included in your taxable income at the bottom, only for the worksheet you’re required to use to take the qualified dividends back out to apply different rates to qualified dividends and the rest of your income.

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