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IRS Introduces Free Direct File Pilot Program in 13 States Amidst Tax Overhaul: Who will be eligible?
IRS Introduces Direct File Pilot Program in 13 States Amidst Tax Overhaul In a significant move towards modernizing the tax filing process, the Internal Revenue Service (IRS) has announced the launch of its Direct File pilot program for the 2024 tax season. This initiative, which will be available to select taxpayers in 13 states, is part of the IRS's broader effort to overhaul its operations and provide more streamlined services to the public. ![Cryptocurrency Taxes In the US: A Beginner's Guide [Updated 2022]](https://datacdn.btimesonline.com/data/thumbs/full/126681/175/100/50/40/cryptocurrency-taxes-in-the-us-a-beginners-guide-updated-2022.png)
IRS Introduces Direct File Pilot Program in 13 States Amidst Tax Overhaul In a significant move towards modernizing the tax filing process, the Internal Revenue Service (IRS) has announced the launch of its Direct File pilot program for the 2024 tax season. This initiative, which will be available to select taxpayers in 13 states, is part of the IRS's broader effort to overhaul its operations and provide more streamlined services to the public. -
U.S. Tax Gap Swells to $688 Billion, Prompting IRS to Intensify Compliance Efforts
The U.S. tax gap, representing the difference between taxes owed and those paid on time, has surged to an alarming $688 billion for the tax year 2021. This figure marks a significant leap from previous estimates, reflecting an increase of over $192 billion from the 2014-2016 period and a rise of $138 billion from the revised projections for 2017-2019. The Internal Revenue Service (IRS) has now shifted to providing tax gap projections annually, with 2021 being the inaugural year for such single-year estimates. 
The U.S. tax gap, representing the difference between taxes owed and those paid on time, has surged to an alarming $688 billion for the tax year 2021. This figure marks a significant leap from previous estimates, reflecting an increase of over $192 billion from the 2014-2016 period and a rise of $138 billion from the revised projections for 2017-2019. The Internal Revenue Service (IRS) has now shifted to providing tax gap projections annually, with 2021 being the inaugural year for such single-year estimates. -
IRS Unveils $80 Billion Funding Plan: Implications for Taxpayers
On Thursday, the IRS revealed its plan for using the nearly $80 billion in agency funding authorized through the Inflation Reduction Act in August, focusing on improving customer service, technology, and enforcement efforts. On Thursday, the IRS revealed its plan for using the nearly $80 billion in agency funding authorized through the Inflation Reduction Act in August, focusing on improving customer service, technology, and enforcement efforts. -
IRS Kicks Off Tax Season With New Tech, Better Workforce
The organization intends to use technology to enhance customer service as well 
The organization intends to use technology to enhance customer service as well -
Fall Stimulus Checks: Is Your State Giving Out Cash?
Here are the states that are providing their citizens with the fourth wave of stimulus. 
Here are the states that are providing their citizens with the fourth wave of stimulus. -
Stimulus Check Update: How To Check If You’re Eligible For Another Payment
Check to see if a new round of stimulus checks is heading your way. 
Check to see if a new round of stimulus checks is heading your way. -
Wealthy Americans Are Audited By IRS At A Lower Rate: Report
The figures suggest that only about one in fifty of the superrich were audited in 2019, compared to one in six in 2010. 
The figures suggest that only about one in fifty of the superrich were audited in 2019, compared to one in six in 2010. -
The Tax Extension Deadline Is Approaching: Here's How To File One Quickly
Although filing a tax extension is free, it may cost you money in other ways. Discover how to file for a tax extension. Although filing a tax extension is free, it may cost you money in other ways. Discover how to file for a tax extension. -
Here's Essentially How To Avoid Tax Return Rejections
It's not rocket science, but it does involve precision. It's not rocket science, but it does involve precision. -
IRS: Stimulus Checks Errors Causing Delays In Refund
If your refund took more than 21 days, there's a possibility of an error on your part. If your refund took more than 21 days, there's a possibility of an error on your part.
