Americans Spent 225 Million Hours on Tax Preparation

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The IRS already collects most of the information from employers and banks that you've just used to fill out your income-tax form. Why couldn't it send you a pre-filled return, let you make needed changes and send it back in? President Obama's former economic advisor, Austin Goolsby, says "return-free filing" of income taxes could save a collected $2 billion and 225 million hours of time filling out income tax forms. Will it ever happen? Not likely, according to a report co-produced by NPR and ProPublica, where Liz Day is director of research.

Credits

Guest:
Liz Day - ProPublica - @LizDDay

Host:
Warren Olney

Producers:
Evan George, Kerry Cavanaugh, Sonya Geis