- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
cross-posted from: https://lemmy.world/post/25117460
Summary
Elon Musk claimed on X that he eliminated the IRS team responsible for the “Direct File” program, which allows Americans to file taxes online for free.
His statement came in response to a right-wing influencer criticizing the program as government overreach.
However, the Treasury Department confirms that the Direct File system remains active, offering free tax filing with customer support.
The program, available in English and Spanish, is optional, allowing taxpayers to choose between using it or filing their taxes manually.
sorry I thought mentioning it had to do with retirement would be enough. if you put money into a special account you can’t touch till you retire then they will not tax it right away but only when you withdraw it once your retired. Alternatively you can pay the tax and put it into an account where they will not tax any investment growth of it or tax what you withdraw. Yeah I even feel stupid typing it out. I hope this helps anyone in a country with politicians trying to sell privatizing shit.
I prefer to know what an acronym stands for, before claiming I know what is meant, and looking up 3 letter acronyms for another country is not as easy as I suspect most Americans think it is.
But from your explanation I now figure the RA is retirement account, so now I only lack the meaning of the I? Which with my new knowledge I could look up, and find out means Individual.
So now I know in this context, IRA is Individual Retirement Account.
ah. I see. I thought you want meaning and did not realize it was more just the name thing.
Thanks, it was good enough to figure it out. 😀