Blog

Investing Blog Roundup: IRS Direct File Pilot Program Results

For as long as I’ve been in the tax field (and probably longer, though I wasn’t aware of it), people have been saying that the IRS should create some easy, free way for people to file their tax returns online. And with the agency’s improved funding from the Inflation Reduction Act, the IRS has finally been working on doing exactly that.

This year the IRS ran a “Direct File” pilot program, available in just twelve states and available only to people with straightforward tax situations. Obviously that’s just a start toward what’s needed, but everything I’ve heard indicates that the program went very well. Of people who used the program and completed the survey afterward, 90% indicated that their experience with Direct File was “Excellent” or “Above Average.” And 86% said that their experience with Direct File increased their trust in the IRS.

Direct File Pilot Program Completed from the IRS

Other Recommended Reading

DOL Releases Final Fiduciary Rule from Melanie Waddell
Once Again, IRS Waives RMDs for Beneficiaries Subject to the 10-Year Rule from Ed Slott
Defining Retirement Success and Failure from Chris Mamula
Updated FAQs Provide Details on Phase-In Timing of BOI Access from Martha Waggoner
Social Security Eliminates Overpayment Burden for Social Security Beneficiaries from SSA.gov
The Cost of Employer-Sponsored Health Care Appears to Have Stabilized from Alicia Munnell
Can Incentives Increase the Writing of Wills? from Jean-Pierre Aubry, Alicia Munnell, and Gal Wettstein
Too Many Passive Investors? There’s No Such Thing from Allison Schrager
Aging in Place, or Stuck in Place? from Paula Span

Thanks for reading!

What is the Best Age to Claim Social Security?

Read the answers to this question and several other Social Security questions in my latest book:


Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less

Click here to see it on Amazon.

Disclaimer:Your subscription to this blog does not create a CPA-client or other professional services relationship between you and Michael Piper or between you and Simple Subjects, LLC. By subscribing, you explicitly agree not to hold Michael Piper or Simple Subjects, LLC liable in any way for damages arising from decisions you make based on the information available herein. Neither Michael Piper nor Simple Subjects, LLC makes any warranty as to the accuracy of any information contained in this communication. The information contained herein is for informational and entertainment purposes only and does not constitute financial advice. On financial matters for which assistance is needed, I strongly urge you to meet with a professional advisor who (unlike me) has a professional relationship with you and who (again, unlike me) knows the relevant details of your situation.

You may unsubscribe at any time by clicking the link at the bottom of this email (or by removing this RSS feed from your feed reader if you have subscribed via a feed reader).

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Blog