this post was submitted on 23 Feb 2025
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[–] [email protected] 1 points 2 weeks ago* (last edited 2 weeks ago)

Well plus there are taxable events that aren't on your payslip. If you sell goods over a certain threshold. If you get a taxable distribution from an investment account. Etc. Edit: also the IRS doesn't know about what you have that's eligible for deduction.