Thanks for the assessment — I was wondering how much it would come out to for some people. Out of curiosity I grabbed one of my paper statements (yup, I have 7 years worth of them) during the time the tax was in effect and guesstimated my calculated refund amount was going to be less than the standard value, so I’m opting for the standard one.
On the flip side, it could be said that the people who own enough bundles or lines to rack up the larger-than-standard refund probably make enough that their time to calculate the correct value isn’t worth the final refund. That limit would obviously vary pending on the person and the person’s evaluation of what their time is worth.
Granted, I of all people know that sometimes the principle of the issue is worth more than any dollar value of my time :)
Maybe I missed something. For this to really be a valuable deduction to take, won’t you need to have another $9700 worth of deductions in order to exceed the standard $10K deduction?
RE: Refund amount vs value of time involved by VnutZ :: NR10 :: Show
Maybe I missed something. For this to really be a valuable deduction to take, won’t you need to have another $9700 worth of deductions in order to exceed the standard $10K deduction?