Tag

Free Filing Program

All articles tagged with #free filing program

taxation1 year ago

"IRS Launches Free Tax-Filing Program in 12 States: What You Need to Know"

The IRS has launched Direct File, a free tax filing program, in 12 pilot states, aiming to cover about one-third of tax situations for 19 million taxpayers. The program is designed for simple tax situations and is expected to save the average filer $160 per year within five years. However, it has faced pushback from the private tax filing industry and some Republicans, who have questioned the agency's authority to create the program. Eligible taxpayers can use Direct File for straightforward returns with limited types of income, credits, and deductions, but it does not support state returns.

taxation1 year ago

"IRS Launches Free Tax Filing Program in 12 States: A Step-by-Step Guide"

The IRS is set to launch Direct File, a new free tax filing system, in 12 states including California in 2024, offering step-by-step guidance and real-time support. The program will initially be available to government employees in 11 states, with eligibility based on the simplicity of the federal tax return. Depending on its success, access will be extended to private sector employees. Direct File aims to simplify the tax filing process and provide an alternative to paid tax filing services, following the FTC's ruling that popular tax software company TurboTax deceived customers with its "Free Edition" product.