The Internal Revenue Service (IRS) plans to launch a pilot program that would allow taxpayers in 13 states to electronically file their taxes directly with the agency for free during the 2024 tax s…
They don’t know how many deductable donations you made in the year, major purchases you want to write off the taxes for, other deductions you qualify for, tax credits from home improvements, etc. You’d have to do a simple flat tax system with no deductions or credits for that to work.
IRS sends you a letter (or email if you choose that) with a summary (includes exp dependents, prior year deductions, etc)
You optionally file a correction
You pay what you owe or get a check
That’s it. And taxpayers could update their profile at any point in the year as things change, or just wait until the end of the year and file something.
They don’t know how many deductable donations you made in the year, major purchases you want to write off the taxes for, other deductions you qualify for, tax credits from home improvements, etc. You’d have to do a simple flat tax system with no deductions or credits for that to work.
Nah, the process should be:
That’s it. And taxpayers could update their profile at any point in the year as things change, or just wait until the end of the year and file something.
This way most people don’t need to file anything.
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