IRS to explore free electronic tax filing system

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(Image credit: Illustrated | SAUL LOEB/AFP/Getty Images)

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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Theara Coleman, The Week US

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.