The IRS has launched a pilot program called Direct File to simplify the tax filing process for residents of 12 states with a simple tax situation. The program aims to make filing taxes more straightforward and potentially save taxpayers money. However, it is only available to those with basic W-2s, standard deductions, and other eligible forms such as SSA-1099 Social Security income, the Child Tax Credit, and student loan interest.
April is just around the corner, so if you're not stressed about filing taxes yet, it's likely coming any day now. Thanks to the lovely (read: horrible) tax lobby and the politicians who take their money, the headache taxes bring is as American as apple pie. The IRS is attempting to simplify things a bit with a pilot program called Direct File .
To clarify, yes, even this development still requires filing your taxes and determining how much you owe (why tell us when we can just guess?), but it should be a more straightforward process and save you some money. However, it's far from open for all. The Direct File pilot program is available to residents of 12 states and only those with a simple tax situation — we're talking basic W-2s and standard deductions here. Other potentially eligible reporting includes SSA-1099 Social Security income, the Child Tax Credit and student loan interest. The IRS has a complete list of eligible forms on their website
IRS Direct File Tax Filing Pilot Program Simplify Residents 12 States Simple Tax Situation W-2S Standard Deductions Eligible Forms SSA-1099 Social Security Income Child Tax Credit Student Loan Interest
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