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Today, Explained

Making taxes less taxing

Apr 1, 2024
25:39
Snipd AI
Exploring the frustration of tax filing and the introduction of IRS Direct File for simplified returns. Controversy surrounding the new tax software and the challenges of navigating tax laws. Discussion on Indeed's recruitment solutions and IRS funding for enforcement strategies.
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Podcast summary created with Snipd AI

Quick takeaways

  • IRS Direct File simplifies tax filing for 19 million taxpayers with straightforward interface.
  • Direct File software excludes complex tax situations but aims to enhance user experience over time.

Deep dives

Direct File: A New Tax Filing Program

The IRS has introduced IRS Direct File, a new program available in 12 pilot states, enabling taxpayers to file their returns directly with the IRS online for free. With an emphasis on simplicity rather than gamification, the software offers a professional and straightforward interface resembling TurboTax but without the financial incentives to increase refunds prematurely. The program, part of the Inflation Reduction Act, aims to streamline tax filing for over 19 million taxpayers, especially those in states like California and New York.

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