If more undocumented immigrants stop filing and begin working outside of the traditional payroll system, the annual gap between taxes owed and taxes paid could widen.
The money the IRS spends on tax collection, enforcement and services pulls in much more revenue to fund government operations.
The tax prep industry opposes the service.
Trump promised tariffs on Day One. None have been announced so far.
The IRS based the changes on an inflation rate of 2.8%.
You can take out up to $1,000 without penalty if your employer offers the option, thanks to a recent law.
It could lead to collecting more than $50 billion dollars in tax revenue over ten years.
Taxpayers told Marketplace they were satisfied with the service, and were able to save money this year.
In the debate over the debt and deficit, experts say tax breaks that skew toward the wealthy deserve as close a look as government spending.
Tax software companies like Intuit and H&R Block are turning to generative artificial intelligence to give products an edge.