IRS Tool Helps New Yorkers Maximize Tax Refunds
New IRS Tool ‘Direct File’ Boosts Tax Refunds for Unaware New Yorkers and Families
According to a new research, New Yorkers are getting more money back on their taxes because to a new IRS tool. When people file their taxes online, they can use this service, Direct File, to determine which tax advantages they are eligible for. It is especially useful for families that may miss out on credits such as the Earned Income Tax Credit or the Child Tax Credit because they are unaware of their eligibility.
READ ALSO: 2020 Tax Refunds 940,000 – Set To Expire Soon: Time Running Out!
New IRS Tool: Direct File Maximizes Refunds, Report Reveals- New York Taxpayers Benefit! (PHOTO: Fingerlakes1.com)
IRS Tool’s Nationwide Expansion Promises Savings for Taxpayers
This instrument not only benefits families, but also the state by increasing tax revenue. Right now, it’s just available in New York but it’s planned to be available nationwide by 2029. According to the analysis, by then each user who uses the tool may save $160 on filing fees. However there is a problem: the government has reduced funds for the IRS which may make it more difficult for them to continue conducting this beneficial service. Despite this, proponents believe Direct File will help the IRS’s image and make tax filing easier for everyone.
READ ALSO: Claim Your 2020 Tax Refund By May 17th To Avoid Missing Out!
