![]() "Unless there's a direct file option, Americans will be spending time and money on a service that should be free," Beyer said. Don Beyer praised the Inflation Reduction Act for reversing "years of chronic underinvestment in the IRS" and stressed how important he thinks it is for the government to provide a direct-file option for taxpayers. Speaking at a virtual press conference Monday morning alongside the Coalition For Free and Fair Filing to celebrate the upcoming one-year anniversary of the passage of the Inflation Reduction Act, Rep. That same year, H&R Block was the second-most popular service, with a 21 percent market share. According to a Bloomberg Second Measure report, TurboTax is by far the most popular tax filing service with a 73 percent market share in May 2021. The Inflation Reduction Act also, in part, increased the funding of the IRS and directed it to look into establishing a program allowing a subset of taxpayers to directly file their taxes to the IRS for free instead of through paid programs like H&R Block or TurboTax. Signed into law by President Joe Biden in August 2022, the Inflation Reduction Act aims to crack down on people cheating the tax system as well as reduce healthcare and energy costs for Americans. It often indicates a user profile.ĭemocratic members of Congress praised the Internal Revenue Service Monday morning for its work in developing a free direct-file tax pilot program for the 2024 tax season. Account icon An icon in the shape of a person's head and shoulders.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |