https://www-marketwatch-com.cdn.ampproject.org/c/s/www.marketwatch.com/amp/story/irs-will-launch-pilot-program-during-the-2024-tax-filing-season-5b57c7c #intuit #turbotax
Going to 0
Paying anything to do your taxes is the biggest scam ever
Whatever $15M doesn’t get shit from government contractors. Intuit already has a free file offering.
Governments usually pay them to offer it
For most people (probably the bottom 70% of income earners) tax filing can be automated entirely with the result being the government sending or asking for money. Remember that a tax return is receiving money that you loaned to the government free of interest. Paying Turbo Tax, H&R Block, the local tax accountant, and so on is a tax levied on you in order to receive the money that you loaned to the government interest free.
If you qualify for a 1040ez and pay to file, that is kind of on you.
$15 million over ten years for a team of government employees to put together a full fledged tax app. Doubt intuit or hr block has much to worry about.
Turbo tax is extremely good software. I doubt this free version is even remotely comparable.
What TT does should essentially be free. I can see the more complex pieces costing money, like stock investments and real estate. Entering your W2s shouldn’t cost money to figure out taxes owed or returned.
The whole process of filing taxes could be much more streamlined for a majority of the country. Intuit and the like lobby against it, though. You shouldn't even need to file if you have a simple tax situation.
Governments have so much red tape it's almost impossible to produce anything of quality. Unless they contract it out. Don't hold your breath. TurboTax will still be around
How many engineers here would like to work for government to build this tax filing softwares for low salaries? This is coming from Tax payers, it is not free. This is similar like of buyers don’t pay real estate commission. Software maturity is a thing, has anyone used Treasury Direct website? Essentially go little deeper on the analysis then you will see the fallacy of this.
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