IRS will pilot free, direct tax filing in 2024::Direct File is a shot across the bows of Turbotax, H&R Block, and others who have resisted free and simple tax filing for decades.
IRS will pilot free, direct tax filing in 2024::Direct File is a shot across the bows of Turbotax, H&R Block, and others who have resisted free and simple tax filing for decades.
The rest of the developed world has had this for decades.
So I fully expect this initiative to be lobbied out of existence by Intuit and the rest of the tax filing industry.
Cost whom billions?
To the taxpayer, ofc. As opposed to the status quo, that costs billions to the taxpayer.
Intuit’s bottom line.
Yeah, even my third world country does this. But this only works if you only have a 9 to 5 job. Some people have more complicated tax.
This guy explains it a bit more:
https://youtu.be/Vu3T4ZXzOyw?si=rEa-U7GHoe_DapeV
Luckily, most people are 9 to 5ers. The vast majority of people have simple taxes that a trained monkey could handle if it weren’t for the Intuit cabal.
Let not perfect be the enemy of good. This is a good step and from here, we can improve the system by steps until the only people who can’t use it are tax cheats. Over optimistic? Yes, but I’m taking my wins to go.