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.
Tax preparation services have been dominated by corporations for years, forcing Americans to spend money to file obligatory taxes yearly. Democrats sought to address that issue with the passing of this bill that requires the IRS to study an in-house free option for e-filing, the Post reports. Current and former IRS officials point to a lack of funding to explain why the government agency hasn't put a real effort into developing its e-filing system, writes the Post. This means taxpayers have relied on companies such as Intuit's TurboTax and H&R Block, often incurring multiple fees.
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.
Experts believe creating a government system will give Americans reliable free options while increasing the efficiency of the IRS.
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
Theara Coleman has worked as a staff writer at The Week since September 2022. She frequently writes about technology, education, literature and general news. She was previously a contributing writer and assistant editor at Honeysuckle Magazine, where she covered racial politics and cannabis industry news.
-
'It may not be surprising that creative work is used without permission'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
5 simple items to help make your airplane seat more comfortable
The Week Recommends Gel cushions and inflatable travel pillows make a world of difference
By Catherine Garcia, The Week US Published
-
How safe are cruise ships in storms?
The Explainer The vessels are always prepared
By Devika Rao, The Week US Published
-
'It may not be surprising that creative work is used without permission'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
Wyoming judge strikes down abortion, pill bans
Speed Read The judge said the laws — one of which was a first-in-the-nation prohibition on the use of medication to end pregnancy — violated the state's constitution
By Peter Weber, The Week US Published
-
US sanctions Israeli West Bank settler group
Speed Read The Biden administration has imposed sanctions on Amana, Israel's largest settlement development organization
By Rafi Schwartz, The Week US Published
-
Gaetz ethics report in limbo as sex allegations emerge
Speed Read A lawyer representing two women alleges that Matt Gaetz paid them for sex, and one witnessed him having sex with minor
By Peter Weber, The Week US Published
-
Biden allows Ukraine to hit deep in Russia
Speed Read The U.S. gave Ukraine the green light to use ATACMS missiles supplied by Washington, a decision influenced by Russia's escalation of the war with North Korean troops
By Peter Weber, The Week US Published
-
Joe Biden's legacy: economically strong, politically disastrous
In Depth The President boosted industry and employment, but 'Bidenomics' proved ineffective to winning the elections
By The Week UK Published
-
Sri Lanka's new Marxist leader wins huge majority
Speed Read The left-leaning coalition of newly elected Sri Lankan President Anura Kumara Dissanayake won 159 of the legislature's 225 seats
By Peter Weber, The Week US Published
-
Biden arrives in Peru for final summits
Speed Read President Joe Biden will meet Chinese President Xi Jinping, visit the Amazon rainforest and attend two major international summits
By Peter Weber, The Week US Published