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IRS Explores Free Online Tax Filing with Pre-Populated Returns

1 min read
Source: CNBC
IRS Explores Free Online Tax Filing with Pre-Populated Returns
Photo: CNBC
TL;DR

The IRS is set to test a free online direct filing system for some taxpayers during the 2024 filing season, but pre-populated returns with certain details already filled in are not part of the initial plan. However, a 2022 working paper from the National Bureau of Economic Research suggests that the IRS may have the future ability to pre-populate nearly half of tax returns, covering 41% to 48% of taxpayers. Pre-populated tax returns are common abroad, but there are organizational and operational challenges to consider for any new project.

Topics:businesstaxes#direct-filing#irs#pre-populated-returns#tax-returns#taxes#taxpayers
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  1. The free online tax-filing system IRS is testing doesn't include automated returns — but pre-populated ones may be possible, research shows  CNBC
  2. Directly filing taxes for free may be possible after 2024 IRS test run  The Verge
  3. Free e-filing system: IRS moving forward with plans  WFAA
  4. Tax preparation industry pushes back against IRS pilot program  Washington Examiner
  5. IRS to Test Offering Free Online Tax Filing  ProPublica

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