What if you could do your taxes for free, and fast? You could, but TurboTax makers Intuit and H&R Block have spent big bucks lobbying to make sure that never happens, NBC News reports.
For years, tax prep companies have pushed back against "return-free filing" legislation that would have allowed the IRS to greatly simplify taxes for over 60 million people by offering pre-populated returns.
The industry would rather people keep using Free File, which was used by 2.6 million people last year.
U.S. & World
Sen. Elizabeth Warren's "Tax Filing Simplification Act of 2016" was endorsed by law professors and economists. It never made it out of committee.
An Intuit spokeswoman said a proposed government program "minimizes the taxpayers' engagement in the process of their own compliance." H&R Block said taxpayers could miss out on valuable tax savings.