Podcast Center
Video Center
Webcasts
Resource Center
Events
April 12, 2017 at 06:17 AM
Sens. Elizabeth Warren, Bernie Sanders, Al Franken and eight other senators said Wednesday that they plan to reintroduce when Congress reconvenes in two weeks the Tax Filing Simplification Act of 2017 to simplify and decrease the costs of filing taxes.
The legislation would direct the Internal Revenue Service to develop a free, online tax preparation and filing service that taxpayers can use — if they chose — to prepare and file their taxes directly with the federal government, and would prohibit the IRS from entering into agreements that restrict its ability to provide free online tax preparation or filing services.
The Act would give all taxpayers the right to download third-party-reported tax information that the IRS already has, and would provide those with simple tax situations with a return-free option, the senators said.
The senators noted that this year, taxpayers will spend an average of 13 hours preparing and filing their returns, and will pay $200 for tax preparation services, or almost 10% of the average federal tax refund.
