Some Republicans are pushing to end the IRS free-filing program amid wider cuts to government spending.
The tax prep industry opposes the service.
The industry is trying to reverse the decline in college students studying accounting with incentives like scholarships and mentoring.
Tax preparation costs are sharply higher this year as the demand for preparers has risen. Software prices have also increased.
Due to a temporary change in the law, student loan forgiveness is not considered federally taxable income. State tax laws vary, though.
The idea has been thrown around for a while now, but new IRS funding may help it become a reality.
Some 6 million returns from last year have yet to be processed. Delays could snowball for seasons to come.
In a statement Monday, the agency warned that it is still addressing a backlog of taxpayer inquiries from the past year.
Up to $10,200 in unemployment benefits is tax-free. What do you do if you already filed your return?
For a lot of people, the last year has been weird, from a tax standpoint.
