That's resulted in a massive backlog of unprocessed tax returns that the IRS is still trying to clear out. They also found that many of the filers who pay to have someone do their taxes could easily have them autofilled 43 to 44% of filers who would see their returns filled out automatically are paying to have someone handle them, the study said.īut the IRS still faces many logistical challenges to its existing roles, with both budgets and staffing shrinking over the past two decades - even as the embattled agency assumed pandemic-era responsibilities like distributing stimulus checks and the child tax credit. Natasha Sarin, the Treasury's counselor for tax policy and implementation, previously wrote that an adequately funded IRS would mean that Americans could file their taxes at no cost and within minutes, like in similarly developed countries.Ī working paper for the National Bureau of Economic Research by researchers from the Treasury Department, Federal Reserve Bank of Minneapolis, and Dartmouth College found that autofilling tax returns could be straightforward for many filers, with 41 to 48% of returns able to accurately be pre-populated using information from the previous year's tax returns. Some taxpayers can file simply by replying to a text message. "Tax filing should be simple: I recently came across a statistic it takes an average American 13 hours to file a tax return," she said during a visit to an IRS facility in Maryland. Treasury Secretary Janet Yellen on Thursday expressed support for simplifying the process. Within the Inflation Reduction Act, which passed with only Democratic votes last month, $15 million was set aside for the Treasury Department to study a free federal tax-filing website.
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