2024-11-20 11:39

On November 20, Fox Business quoted the Washington Post that the government Efficiency Department (DOGE), led by Elon Musk and Vivek Ramaswamy, is considering developing a free mobile tax filing app. People familiar with the matter said that the discussions are still preliminary. DOGE said on platform X that the U. S. tax code has increased from 1.5 million words in 1955 to 16 million words today, leading Americans to spend 6.5 billion hours of preparing and filing tax returns each year. At present, IRS provides free tax declaration service, but only for taxpayers with annual income of less than $7 [] $90,000. Shares of a number of listed companies offering tax services fell after the news announcement.