IRS to explore free electronic tax filing system
The Internal Revenue Service will be taking a step toward making electronic tax filing more straightforward and accessible by studying a free option for taxpayers, reports The Washington Post.
The government tax agency will use $15 million from the $80 billion allotted in the Inflation Reduction Act to explore a free tax filing system. This platform could provide American taxpayers with another option to file taxes beyond relying on expensive private tax preparation companies. While the IRS does provide free e-filing options, the service is barely used due to its restrictions on qualifying returns.
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Experts believe creating a government system will give Americans reliable free options while increasing the efficiency of the IRS.
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