• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 21, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

IRS Expands Free Tax Filing Program to Cover Over 30 Million Americans in 2025

by Harikrishnan A
October 4, 2024
in Business, Markets, News, Tech, Trending, World
Reading Time: 2 mins read
0
Allegations of Massive Surveillance Program Unveiled: Senator Demands Transparency
TwitterWhatsappLinkedin

The IRS is set to make tax season easier and more affordable for millions of Americans. The agency, alongside the Department of the Treasury, has announced that its Direct File program will expand significantly for the 2025 tax season. This initiative will allow over 30 million taxpayers in 24 states to file their taxes for free, covering a wider range of tax situations.

You might also like

Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

Gemini AI Takes 800 Hours to Beat Pokémon, Panics Along the Way

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Expansion of Participating States

Originally launched as a pilot program for the 2024 tax season, Direct File was available to taxpayers in only 12 states: Arizona, California, Florida, Massachusetts, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington, and Wyoming. In 2025, this list will grow to include 12 additional states: Alaska, Connecticut, Idaho, Kansas, Maine, Maryland, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, and Wisconsin.

Treasury Secretary Janet L. Yellen credited the expansion to the Inflation Reduction Act, stating, “Thanks to this act, the IRS can now offer more than 30 million Americans a straightforward way to file their taxes for free.” This initiative aims to alleviate the financial burden on families, with potential savings in the tens of millions of dollars in filing fees.

Broader Tax Coverage for Diverse Filers

For the upcoming tax season, Direct File will not only maintain its support for simple tax situations—such as those involving W-2 wages, Social Security benefits, unemployment income, and limited interest income—but will also broaden its scope significantly. Taxpayers will now be able to file with pension and annuity income (excluding IRAs) and interest income over $1,500. Additionally, the program will now support the Alaska Permanent Fund Dividends, providing further benefits to Alaskan residents.

In terms of tax credits, Direct File will continue to offer access to essential credits like the Earned Income Tax Credit and Child Tax Credit, which were part of the 2024 pilot. For 2025, new credits will include the Child and Dependent Care Credit, Premium Tax Credit for Marketplace insurance, and credits for elderly or disabled individuals, as well as retirement savers. However, participants must opt for the standard deduction rather than itemizing their deductions to qualify for this program.

Improvements in Customer Support

The IRS is also enhancing its customer support for the 2025 tax season. Based on the success of the 2024 pilot, where over 140,000 users participated and saved an estimated $5.6 million in preparation fees, the agency is committed to ensuring a smooth experience for all users. The pilot program demonstrated impressive customer service performance, with representatives managing thousands of inquiries with minimal wait times and a high satisfaction rate.

To further assist taxpayers, the IRS will introduce a new chatbot to help users check their eligibility for Direct File. A revamped Live Chat feature will also be available in both English and Spanish, equipped with improved authentication and verification processes. Taxpayers will have the option to request callbacks for more personalized support, ensuring that help is readily available.

The IRS is optimistic about the future growth of the Direct File program. The agency plans to gradually expand its capabilities to cover even more common tax scenarios, focusing on the needs of working families. This evolution will potentially position Direct File as a primary tax filing option for millions of Americans seeking a straightforward and cost-effective solution.

Tags: AmericaIRSTaxesUS
Tweet56SendShare16
Previous Post

Top 12 Free Crypto Staking Platforms for 2024: A Step-by-Step Guide

Next Post

Google Says it Won’t Follow Amazon’s Return to Office Mandate

Harikrishnan A

Aspiring writer. Enjoys gaming, fried chicken and iced tea, preferably all together.

Recommended For You

Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

by Thomas Babychan
June 21, 2025
0
Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

In recent weeks, Apple has been engaged in private discussions about a potential acquisition of the AI search startup Perplexity, according to sources familiar with the matter. These...

Read more

Gemini AI Takes 800 Hours to Beat Pokémon, Panics Along the Way

by Sneha Singh
June 21, 2025
0
Gemini AI Takes 800 Hours to Beat Pokémon, Panics Along the Way

Artificial intelligence has conquered chess, mastered protein folding, and can write poetry that brings tears to your eyes. But ask Google's most advanced chatbot to play a simple...

Read more

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

by Harikrishnan A
June 21, 2025
0
Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Eutelsat, the European satellite company, made headlines this week as its stock surged an impressive 31% on Friday. The rally came right after the company announced it had...

Read more
Next Post
Alphabet Considering HubSpot Acquisition

Google Says it Won't Follow Amazon's Return to Office Mandate

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?