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Foster Introduces legislation to simplify tax filing

4/15/2015, 3:32 p.m.
Today, Representative Bill Foster (IL-11), along with Representatives Mike Quigley (IL-5) and Lloyd Doggett (TX-35), introduced the Autofill Act of ...

Washington, DC - Today, Representative Bill Foster (IL-11), along with Representatives Mike Quigley (IL-5) and Lloyd Doggett (TX-35), introduced the Autofill Act of 2015 to simplify the process of filling out Federal income tax forms, saving taxpayers time and money.

Each year during the tax filing season, taxpayers face the stress of spending countless hours locating tax information stubs and filling out information that the IRS already has on file. Taxpayers spend an estimated 6.1 billion hours a year complying with the tax code and an average of over $200 on tax preparation fees.

The Autofill Act of 2015 would create a voluntary tax filing program that would allow individuals to log in to a secure IRS website and download a tax form that is automatically populated with information the IRS already collects from employers, health insurance companies, the Social Security Administration and financial institutions.

"Our tax code is complicated enough, we shouldn't be asking taxpayers to submit information the IRS already has," Foster said. "It's time to bring the tax filing system into the 21st century with a commonsense solution that reduces the burden on taxpayers and decreases the costs associated with filling out tax forms."

The information from the populated tax forms would be available as both a printable document file and a computer-readable form that would be compatible with existing tax preparation software. Taxpayers could simply review for accuracy, finalize and sign the return, saving them time, money and anxiety.

The Autofill Act of 2015 will reduce tax mistakes and compliance costs, saving up to an estimated $2 billion a year in fees and 225 million hours of time. In California, tax filing programs save the state an estimated $500,000 annually and ninety-eight percent of users have indicated that they would use it again.

You can read the full legislation here. https://foster.house.gov/sites/foster.house.gov/files/Autofill%20Act.pdf