Taxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned.
The best gift for foodies: This 8-piece Japanese chef’s knife set with gift box, now $299 off!FILE - Treasury Secretary Janet Yellen speaks at the Atlantic Council Global Citizen Awards, Sept. 20, 2023, in New York. Taxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned under a new timetable being announced Tuesday, Nov. 7.
“Taxpayers will save time and effort," she says, as people can begin submitting their documents now, instead of waiting until the originally planned time frame of early next year. The IRS plan for customer service improvements for the 2024 filing season comes against the backdrop of a series of proposals by congressional Republicans to reduce its funding.Under the initiative, most people will be able to submit everything but their tax returns digitally in 2024. As the IRS pilots its new electronicThe processing change is expected to cut back on the $40 million per year that the agency spends storing more than 1 billion historical documents.
The IRS cutback would cost taxpayers billions of dollars, not save money, according to independent budget analysts.Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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