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WSJ Your Money Briefing

The IRS’s New Tax Tool Is Out. Here’s How It Works.

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 30 January 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

The IRS has created a new tax-filing site. But how does it stack up to popular tax filing options like TurboTax? Wall Street Journal reporter Richard Rubin tested it out and joins host Ariana Aspuru to discuss what eligible filers can expect from the free online service. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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Soul traders or limited company directors in the UK can apply.

0:28.0

Here's your money briefing for Tuesday, January 30th. I'm Adiana Spoodoo for the Wall Street Journal,

0:38.0

filling in for J.R. Wayland. There's something a little different in the air this week.

0:45.0

Nope, it's not a warm spring breeze just yet.

0:49.0

It's actually a different season.

0:52.0

Monday, January 29th marks the official start of tax season

0:55.9

when individuals can start filing their tax returns which are due on April 15th.

1:00.3

This year some filers will have access to a new tool to help them submit their

1:05.6

return and it's coming straight from the IRS. The IRS is more focused on helping you finish the process and showing you how your taxes are

1:16.4

calculated. It is driven not by that concept of trying to get the maximum refund

1:22.2

but driven by the IRS concept of trying to get the maximum refund but driven by the IRS concept of trying to get the tax return correct.

1:27.0

W.S.J. Tax reporter Richard Rubin walked me through how the new tool works. That's after the break. TnB Tech Minute gives you the day's top tech headlines featuring newsmakers that shape the tech world and beyond, like Open

1:54.7

AI CEO Sam Altman.

...

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