The IRS is aiming to release the agency's potential plans for a free online tax-filing system by May, the agency announced Wednesday. The Inflation Reduction Act (IRA), a sweeping economic reform bill signed by President Biden last year, ordered the IRS conduct a study on how Americans could file their taxes online through a federal website or program without cost. “The IRS is on track to deliver a direct file report to Congress in May 2023,” the agency said in a statement. The IRS said it’s working with nonprofit organization New America to develop the report on the potential new system, which could take the form of an app or web platform that allows people to file a tax return
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