Tag

Direct Filing

All articles tagged with #direct filing

taxes2 years ago

IRS Explores Free Online Tax Filing with Pre-Populated Returns

The IRS is set to test a free online direct filing system for some taxpayers during the 2024 filing season, but pre-populated returns with certain details already filled in are not part of the initial plan. However, a 2022 working paper from the National Bureau of Economic Research suggests that the IRS may have the future ability to pre-populate nearly half of tax returns, covering 41% to 48% of taxpayers. Pre-populated tax returns are common abroad, but there are organizational and operational challenges to consider for any new project.

business2 years ago

IRS Develops Free Online Tax Filing Software for Direct Filing.

The IRS has announced plans to develop an experimental online tool that would allow Americans to file taxes directly with the agency for free. The move is a significant development given that most US taxpayers pay to file and the tax preparation industry has long held sway in Washington. The pilot is a possible turning point in a fight that goes back decades, and seems sure to continue years into the future.