This new tax form is the size of a postcard — but only because it leaves out important stuff
The Republican tax reform plan has accomplished one of President Trump's fondest dreams: development of a tax form the size of a postcard. But there's a catch: Our income tax system is still super complicated, so the postcard is small not because the process has been simplified but because it leaves out important details.
For example, it includes a line for the expanded child tax credit but excludes other child care costs. Particularly confusing is a line which requires taxpayers to consult one of six accompanying worksheets, find and tally a number of popular deductions, and then come back to the postcard to enter the result.
For the 9 in 10 taxpayers who file online, this change will be irrelevant. However, if the postcard prompts those with relatively simple tax situations to send in hard copies, the IRS will struggle to handle the new influx of paperwork which electronic filing presently eliminates.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
See a side-by-side comparison of the old and new forms, plus images of the many accompanying worksheets, at The New York Times — or watch below as Trump bestows the postcard with a kiss. Bonnie Kristian
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.
-
Today's political cartoons - September 8, 2024
Cartoons Sunday's cartoons - circuitous thoughts, overheating circuits, and more
By The Week US Published
-
Chicken with Steph's spice
The Week Recommends This Caribbean-inspired recipe is mouthwateringly delicious
By The Week UK Published
-
A peaceful seaside village in Turkey
The Week Recommends Çıralı has been spared the 'scourge' of all-inclusive resort development
By The Week UK Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published
-
Feds cap credit card late fees at $8
speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
By Peter Weber, The Week US Published