Taxpayers will be able to submit all sorts of tax documents and other communications to the IRS digitally months earlier than originally planned, Treasury Secretary Janet Yellen announced on Tuesday, Nov. 7.
The initiative will allow most people to submit everything but their tax returns digitally in 2024, with the agency aiming to process everything digitally by 2025.
Yellen emphasized that the IRS will reduce errors and storage costs, cutting back on the $40 million per year spent on storing over 1 billion historical documents. Learn more.