this post was submitted on 20 Jul 2023
90 points (100.0% liked)
Hacker News
2142 readers
165 users here now
A mirror of Hacker News' best submissions.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The current actual free file requires you to fill out the info correctly and send it in. If you do this wrong, you are penalized, as the IRS already knows what you owe. You may also miss out on lucrative credits or breaks you are eligible for.
This new system will show you the info the IRS already has, and you can double check it and click "yes" instead. Its easier, likely more accurate, and most people will save money with it as it auto calculates credits. It will mirror the systems commonly in use in europe, which make taxes a breeze for most people.
Big tax brands hate this, as it drastically simplifies taxes for most Americans, which will collectively save americans billions/yr instead of it needlessly going in their pockets.