Browsing Tag

Internal Revenue Service

2024 Election May Determine IRS’s Fate

TL/DR - The IRS commissioner, Daniel Werfel, testified before Congress, receiving criticism from Republicans who argue the agency is failing taxpayers and wasting parts of the $80 billion investment from the Inflation Reduction Act. Democrats, however, praised the agency for its progress, with Werfel arguing that long-term funding for the IRS…

IRS Launches Free Direct File System for 2024 Tax Season

TL/DR - The IRS will open a free, online filing system for some Americans for the 2022 tax season as part of an experimental pilot program. The Direct File system will be available to residents in 12 states who have income from an employer or unemployment compensation, Social Security benefits, and interest of $1,500 or less, but is not an option…