There’s no reason private companies should be needed to file income tax returns. The IRS Direct File system will eventually handle all 50 states (they are ~50% there) and all but the most unique tax situations. This is a utility, not a business.

(Cash App is also likely to not survive the FedNow instant payment rollout to all US deposit accounts, tangentially)

(Re: your tangent) For a lot of Cash App users, the app is their bank. They're unlikely to switch to a traditional bank just because of FedNow. Cash App will survive. Had FedNow come out a decade ago things might be different.

I agree, but my point is that a completely free option already exists and TurboTax still costs a bunch of money anyway for the same thing. If you want to remove the wind from TurboTax's sails, and I do, it's been possible nationwide for the past two years.

There is no guarantee private options remain free and/or available.

The US has a two-party system, one of the two parties opposes this,[1] and people prioritize other issues when they vote. Would Direct File even survive a Republican trifecta?

[1] https://federalnewsnetwork.com/congress/2024/06/house-gop-pr...

Republican electorate keeps shrinking every year through attrition.

https://www.pewresearch.org/short-reads/2024/07/12/10-facts-...

https://www.pewresearch.org/politics/2024/04/09/age-generati...

Charity from yet another private company is very different from a taxpayer funded public service

It's free as long as Cash.app wants to maintain it. I'd rather there'd be no incentive to complicate the tax code such that many people need to hire accountants to figure it out.

It appears you need a smartphone and must download their app for it, although they claim you can then use your computer. That's a non-starter for many people.

Cash App demands you give up your rights to file taxes. That's a hard no.