2023-08-02 17:57:46
The Internal Revenue Service (IRS) announced Wednesday that it will allow taxpayers to submit their documents online and forms as of the 2024 tax seasonand also advanced that it will digitize its declaration file by 2025, promising that with these improvements they will expedite returns by up to four weeks for those who submit their data online.
These measures are part of a reform of the IRS to streamline its procedures and increase tax collection, for which it was assigned a budget of 60,000 million dollars over a decade in the Inflation Reduction Act, approved on last year with bipartisan support in Congress. This is a separate item for inspections that Republicans are threatening to cut.
“This initiative is the key that will unlock other improvements to customer service,” Treasury Secretary Janet Yellen said at the IRS offices in McLean, Virginia, according to the newspaper. The Washington Post.
The IRS estimates that regarding 94% of individual taxpayers will no longer have to mail documentation when the measures take effect next January.
Also, by 2025, instead of having to manually enter tax returns into the agency’s antiquated computer system, its officials will have scanning machines that will upload the information automatically.
Recommended
“For those who wish to file their tax returns on paper, by the 2025 season the IRS has committed to digitizing 100% of returns submitted on paper, as well as half of all other paper correspondence, such as forms and response notices,” Yellen said.
[Cuánto dinero está reembolsando el IRS como promedio y qué tiempo están demorando los pagos]
In 2024, the federal agency will implement a pilot program for taxpayers to file their returns digitally. Currently, most of those who do use the services offered by private companies on the Internet.
Experts believe the digitization process will save time and money for the IRS, which currently spends $40 million a year just to store billions of pages of taxpayer documents, according to the cited newspaper.
1691002595
#IRS #return #tax #money #faster #measures #file #return #online
