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I think Direct File is great, but where is the $200 assumption coming from? A lot of the people using direct file (which is quite basic) were probably using fre
by orionsbelt 2y ago
I think Direct File is great, but where is the $200 assumption coming from? A lot of the people using direct file (which is quite basic) were probably using free filing solutions or ones much less than $200.
- johnneville 2y agothanks for the reply. the $200 is a rounding down from $220 for the average fee cost for a 1040 in 2021 according to the national society of accountants. the second link in my earlier comment provides much more direct data, estimating $5.6 million in tax preparation fees saved compared to operation costs of $2.4 million. i've updated my original comment now to remove my personal estimate. $220 source: https://higherlogicdownload.s3.amazonaws.com/NSACCT/725010a8-142f-4092-8b5d-077c2618c728/UploadedImages/Membership/IncomeandFeeSurvey/NSA2020-2021_IncomeandFees_FullStudy.pdf https://higherlogicdownload.s3.amazonaws.com/NSACCT/725010a8...