Pre-filled returns for the 90% of taxpayers who don’t itemize their tax returns will save Americans time and money. By making it easier to file taxes, they'll also increase the tax filing rate and ensure more people get their returns. Since the current Free File program is used by only 3% of taxpayers, it’s clear that a better free alternative is needed.
The IRS, in partnership with the major tax preparation companies, already has a Free File program that allows taxpayers making $62,000 or less a year to file their taxes for free. This bill would require the IRS to do more work and may make it necessary to increase the agency’s budget.