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
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!

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