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So, IRS Free File for PA residents with simple tax returns. Will the State of PA Department of Revenue have something in place for the PA taxpayers to e-file their state income tax returns too?
Personally, I file very few returns that would qualify for the IRS Free File program. So, no immediate impact on my practice.
Per the article, the US Treasury states that the 2023 Free File program saved the 140K users $5.6M in fees. $5.6M/140K users = $40/user. So, IF ALL 1.5M eligible PA filers use the IRS Free File for filing their 2024 returns you're talking 1.5M X $40 = $60M in the state of PA alone. What effect, if any, will this have on the local PA economy?
How much of this $60M is an impact on Intuit's revenue stream? How much will this impact the PA tax preparer's revenue stream?
How will this impact the future cost of Intuit ProSeries software?