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A comment on IRS Direct File adds 12 additional states, covers more tax situations in 2025. Parent comment

Re:IRS Direct File adds 12 additional states, covers more ta... by toomuchtodo on Friday October 04, 2024 @01:35AM (#41738158)
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)

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Re:IRS Direct File adds 12 additional states, covers more ta... by cellwebb on Friday October 04, 2024 @03:57AM (#41738924)
(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.
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Re:IRS Direct File adds 12 additional states, covers more ta... by BugsJustFindMe on Friday October 04, 2024 @01:37AM (#41738166)
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.
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Re:IRS Direct File adds 12 additional states, covers more ta... by toomuchtodo on Friday October 04, 2024 @01:39AM (#41738180)
There is no guarantee private options remain free and/or available.
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Re:IRS Direct File adds 12 additional states, covers more ta... by throwaway473825 on Friday October 04, 2024 @03:55AM (#41738915)
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...

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Re:IRS Direct File adds 12 additional states, covers more ta... by toomuchtodo on Friday October 04, 2024 @08:07AM (#41740553)
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...

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Re:IRS Direct File adds 12 additional states, covers more ta... by electronbeam on Friday October 04, 2024 @02:08AM (#41738327)
Charity from yet another private company is very different from a taxpayer funded public service
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