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IRS moves forward with a new free-file tax return system (www.pbs.org)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] -2 points 1 year ago (1 children)

What's wrong with the existing electronic-free-file system?

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

The current actual free file requires you to fill out the info correctly and send it in. If you do this wrong, you are penalized, as the IRS already knows what you owe. You may also miss out on lucrative credits or breaks you are eligible for.

This new system will show you the info the IRS already has, and you can double check it and click "yes" instead. Its easier, likely more accurate, and most people will save money with it as it auto calculates credits. It will mirror the systems commonly in use in europe, which make taxes a breeze for most people.

Big tax brands hate this, as it drastically simplifies taxes for most Americans, which will collectively save americans billions/yr instead of it needlessly going in their pockets.