My good enough amplifier and DAC combo claims up to 24bit/192kHz, I use a cheap optical interface from my computer that claims up to 32bit/192kHz, and the streaming service I use serves most albums at 24bit/44.1kHz.

It would have cost the same for the entire stack to be 16bit/44.1kHz at every step, but with excessive resolution I can control the volume anywhere. The bits right before the analog conversion at the end are essentially the same whether I turn down the volume in the software player, the operating system, or the DAC/amplifier.