The IRS is testing a new program to let taxpayers file their taxes online, for free. It would compete with TurboTax and CPAs.
Eligible taxpayers in 13 states will have the opportunity to test out the Internal Revenue Service’s foray into free tax preparation this upcoming tax season, the agency announced Tuesday.
This past tax season, individuals and businesses spent an average of $250 and 13 hours preparing their taxes, according to IRS estimates. It can also handle claims for several credits, like the Earned Income Tax Credit and the Child Tax Credit, as well as deductions such as the widely-used standard deduction, the student loan interest deduction and the educator expense deduction.
The web-based program will be available in English and Spanish. It’s usable on computers and smartphones, and will have a set number of customer service representatives trained to troubleshoot user problems.
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