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> eligibility to participate in the pilot...will be limited to taxpayers with certain types of income, credits and deductions – taxpayers with relatively simple
by ssalka 3y ago
> eligibility to participate in the pilot...will be limited to taxpayers with certain types of income, credits and deductions – taxpayers with relatively simple returns. The IRS today announced it anticipates specific income types, such as wages on a Form W-2, and important tax credits, like the Earned Income Tax Credit and the Child Tax Credit, will be covered by the Direct File pilot.
This is what I was mostly curious about. So, I'm guessing things like ISOs, AMT, capital gains from investments etc would not be supported by this service yet.
- t3rabytes 3y agoThe bottom of the blog post has the eligibility requirements list/things-the-pilot-will-support: Income reporting -W-2 wage income -Social Security and railroad retirement income -Unemployment compensation -Interest of $1,500 or less Credits -Earned Income Tax Credit -Child Tax Credit -Credit for Other Dependents Deductions -Standard deduction -Student loan interest -Educator expenses