IRS Tax Filing System: Over 1 Million Families in North Carolina Can Save Money
Friday, 16 August 2024, 08:42
IRS Tax Filing System Overview
In an effort to streamline the filing process, the IRS has collaborated with state governments, including North Carolina's, to launch a new, free online tax filing system.
Who is Eligible?
More than 1 million families in North Carolina can take advantage of this initiative. It is designed to alleviate the financial stress associated with tax season.
Benefits of the New System
- Cost-efficiency: Taxpayers could save approximately $5.6 million in filing expenses.
- Efficiency: The system claimed over 140,000 refunds worth more than $90 million.
Political Support
Prominent figures, including Roy Cooper and Federal officials like President Biden and Vice President Kamala Harris, support this system, highlighting its significance for families.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.