Connect with us

Hi, what are you looking for?

OMD NewsOMD News

Finance

$5.6 Million in Savings: IRS Direct File Program to Offer Free Tax Filing for 1.25 Million North Carolinians in 2025!

IRS Direct File Program to Offer Free Tax Filing for North Carolinians in 2025

Successful Pilot Prompts Permanent Adoption of IRS Direct File, Saving Millions in Fees

According to The Charlotte Observer, in 2025 North Carolinians will have a new way to file their taxes for free thanks to a tool introduced by the IRS. Governor Roy Cooper and North Carolina Department of Revenue Secretary Ronald Penny announced that the IRS Direct File program will be available to eligible residents. This program will allow people to file both their state and federal tax returns directly through the IRS without any fees. By using this tool taxpayers can save money and ensure they receive any tax credits they qualify for without additional costs. This initiative is part of a broader effort to make tax filing more accessible and affordable for everyone.

The IRS Direct File program was tested in 2024 and showed good results. It saved users about $5.6 million in tax preparation fees and helped them get over $90 million in refunds. IRS Commissioner Danny Werfel said the tool was efficient with many people finishing their filings in just 30 minutes. Because the pilot was so successful the program will become a permanent option starting next year. This means more people will be able to file their taxes for free and enjoy the ease and speed of the new system.

READ ALSO: $10,000+ Unclaimed Cash: Orange County Residents Urged To Claim Funds By September 1, 2024

$5.6 Million in Savings: IRS Direct File Program to Offer Free Tax Filing for 1.25 Million North Carolinians in 2025! (PHOTO: Forbes)

IRS Direct File Tool Optional for North Carolinians: Aims to Enhance Security and Efficiency

Although the IRS Direct File tool will be available it is not required for taxpayers to use. About 1.25 million North Carolinians will be eligible for this tool which aims to reduce tax fraud and improve security within the tax system. Secretary Penny highlighted that the program will also help by cutting down on paper filings, which will reduce the workload for state employees and make the Department of Revenue more efficient. This streamlined process is expected to make tax filing easier and more secure for everyone involved.

READ ALSO: Up To $14,000 In Rebates: Inflation Reduction Act’s Home Electrification Program Saves Americans Thousands On Energy Costs!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Finance

There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...

Military

The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...

Finance

The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...

Finance

In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...