Sen. Warren Floats Bill to 'Simplify' Tax Filing

What You Need to Know

The average American spends 13 hours and $240 every year to file their taxes, Warren said.
The bill directs the IRS to develop a free, online tax preparation and filing service.
It also prohibits the IRS from entering into agreements that restrict its ability to provide such services.

On Wednesday, Sen. Elizabeth Warren, D-Mass., along with 22 other lawmakers, introduced the Tax Filing Simplification Act of 2022, to create “free and easy” tax filing tools and cut down on the time spent preparing returns.

The legislation, according to Warren, would simplify the tax filing process for millions of Americans, saving them hours and hundreds of dollars.

“Along with lowering costs and eliminating red tape for all taxpayers, simplified filing tools would ensure that more eligible people — including millions of low-income Americans — receive important tax refunds, like the Child Tax Credit and Earned Income Tax Credit. According to recent polling, 77% of Americans support this legislation,” Warren said.