For the longest time, the IRS has engaged in class warfare by forbidding those who make above $50,000/year from doing free e-filing. But that's about to change this coming tax season.
Some tax prepares have already jumped all over the coming change.
TaxCut will provide free federal e-filing for
all returns, all income levels. Clark hopes this will prompt their main competitor, TurboTax, to do the same. Currently, America has one of the lowest rates of e-filing among developed countries.
This new move should save the IRS a fortune. Previously, they had to have employees enter complicated tax returns for the super-rich by hand!