Breaking NewsGet ahead of Tax Day: IRS introduces free tax-filing...

Get ahead of Tax Day: IRS introduces free tax-filing program

-

- Advertisment -sslate

Florida residents can now file their simple income-tax forms for free and save time through the Internal Revenue Service’s Direct File pilot program. It’s estimated the simplified filing process could eventually save Florida taxpayers more than $530 million in filing fees every year.

With the April 15 income-tax filing deadline right around the corner, Adam Ruben, vice president for campaigns and political strategy at the Economic Security Project, said you can easily use the program by visiting the website Directfile.IRS.gov.

“It’s an interview-based questionnaire,” Ruben said. “So it’s something that people can use on their phones on their computers available in English and Spanish that asks people questions and pretty much plain language, and you fill in the answers. And it fills in the tax form for you.”

Florida is one of a dozen states where IRS Direct File is a pilot project. If it were to expand nationwide and be available to more taxpayers, Ruben estimated that within five years, it could save Americans $8 billion in tax-preparation fees and another $3 billion worth of time annually.

However, opponents have argued that the government is wasting resources and will snag business from professional tax preparers and programs that have lobbied against Direct File.

accounting

Chris Moreno, director of financial capability for Catalyst Miami, a nonprofit that works with communities through a variety of free services, said a stress-free filing process that can be done from the comfort of your home or the convenience of your phone is worth taking advantage of.

“If you are an average worker who gets a W-2 – you’re employed for a company, you don’t own any companies or businesses – you’d probably be the ideal candidate for someone to be able to use Direct File this year,” Moreno said.

Tax Day Free-file program

While a free-file program has been available, many taxpayers were unaware they had access to it. An investigation by ProPublica revealed tactics by Intuit, maker of TurboTax, to cloud the free-file program.

And state auditors, comptrollers and treasurers in 18 states – including Florida – sent a letter in March to the federal government urging the termination of Direct File. They claimed it might lead to confusion about state tax filings, potentially resulting in penalties and loss of state refunds.

Sunshine Slate
Sunshine Slatehttps://www.sunshineslate.com
Sunshine Slate is your news, entertainment, music fashion website. We provide you with the latest breaking news and videos straight from the United States of America.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

From Arrest to Release: The Role of Bail Bonds in the Justice System

The judicial ecosystem comprises various components that work together to afford individuals their constitutional rights

The Balanced Approach to Considering an Uncontested Divorce

An approach such as an uncontested divorce angle can provide a semblance of peace in this otherwise tumultuous process.

Thriving After Divorce: A Guide to Successful Co-Parenting and Child Custody

Co-parenting is a shared endeavor that requires both parents to actively participate in raising their children despite a divorce or separation

A Guide to Co-Parenting and Shared Custody After Divorce

Co-parenting emerges as a strategy wherein both parents actively participate in raising their children, irrespective of the marriage's dissolution.
- Advertisement -

The Significant Role Of Lithium-Ion Capacitors In Today’s Electronics Market

Among the myriad components driving these devices, lithium-ion capacitors stand out as pivotal contributors.

Best Apps and Games for your New Mobile Phone

We can install any app from the google play store very quickly. Let’s take a look at some most amazing apps for android mobile phones.
edealo.com
- Advertisement -sslate
transformerscon

Must read

Best Apps and Games for your New Mobile Phone

We can install any app from the google play store very quickly. Let’s take a look at some most amazing apps for android mobile phones.

A Fresh Look at the Contemporary Trends Redefining Tiny Homes

Tiny homes have always stood but never more so than in modern design trends. Present-day tiny homes bank on eco-friendly solutions.
- Advertisement -
- Advertisement -sslate

You might also likeRELATED
Recommended to you