An interesting article appeared on Bloomberg regarding taxes and AI software. What do you think? Leave a comment below.
Link to article, “Future of AI in the Tax World Prompts Both Excitement and Fear“
What's the Buzz . . .
- If I alternate between itemizing one year and taking the standard deduction the next, can that lower my total 2‑year tax cost?
- What kinds of expenses make itemizing worthwhile compared with the 2025 standard deduction levels?
- As a senior (65+), how do the new temporary senior standard deduction and existing age-based add-ons work for 2025–2028?
- How did the 2025 and 2026 standard deduction amounts change for single, married, and head of household filers?
- Should I take the higher 2025 standard deduction or itemize my deductions on my 2025 return?