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Recent Editions

Accountancy Slice
North America
U.S. Rep. Emilia Sykes (D-OH) introduced the “Get Your Money Back Act” on July 9th to ensure the continuation of the IRS' Direct File tax filing program. This initiative aims to make the program available to all states, countering efforts by Republicans to terminate it. Ms. Sykes highlighted the program's success, stating: “My legislation would implement this successful program nationwide, improving everyone's experience with tax season.” In the 2024 tax season, Direct File assisted around 140,000 taxpayers in claiming over $90m in refunds and saving approximately $5.6m in tax preparation fees. However, Republican opponents argue that the program is redundant and not authorized by Congress, advocating for the existing Free File program instead.
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