Trump plans to end IRS Direct File for free tax filing, AP reports

The Trump administration plans to eliminate the IRS’ Direct File program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision, Associated Press’s Fatima Hussein reports. The program developed during Joe Biden’s presidency was credited by users with making tax filing easy, fast and economical. But Republican lawmakers and commercial tax preparation companies complained it was a waste of taxpayer money because free filing programs already exist, although they are hard to use. Publicly traded companies in the space include H&R Block (HRB) and Intuit (INTU).