The IRS wants to phase out most IRL tax documents by 2025 | Engadget

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The IRS wants to phase out most IRL tax documents by 2025 | Engadget
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The IRS wants to phase out most IRL tax documents by 2025

today that it aims to “achieve paperless processing for all tax returns” by 2025. The agency says the IRS Paperless Processing Initiative will “eliminate up to 200 million pieces of paper annually, cut processing times in half and expedite refunds by several weeks.” The project is funded by President Biden’sThe IRS expects the changes will solve the annoyance of transmitting digital documents in some cases but still having to mail paper ones in others.

Starting next year , taxpayers can digitally submit all correspondence — including many non-tax forms. The IRS says at least 20 additional e-File tax forms will be available digitally starting then. It estimates that over 94 percent of individual filers will never have to mail another tax form or document. The initiative will spare taxpayers from sending approximately 125 million paper documents annually.

By the 2025 filling season, “an additional 150 of the most used non-tax forms will be available in digital, mobile-friendly formats.” It says all paper-filed tax and information returns — an estimated 76 million paper documents per year — will be processed digitally as soon as it receives them. Similarly, half of paper-submitted correspondence, non-tax forms and notice responses will be recorded digitally.

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