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U.S. Senator Warren Introduces Bill to Simply Tax Filing

20 July 2022

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Proposed Changes

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United States

U.S. Senate Finance Committee Member Elizabeth Warren (D-MA) has issued a release on the introduction of the Tax Filing Simplification Act of 2022 (Bill S.4508), Corresponding legislation (Bill H.R.8368) has also been introduced in the House of Representatives. As summarized in the release, the Tax Filing Simplification Act makes several changes to simplify and decrease the costs of the tax filing process for millions of American taxpayers by: Prohibiting the IRS from entering into agreements that restrict its ability to provide free online tax preparation or filing services. Directing the IRS to develop a free, online tax preparation and filing...