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TurboTax

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Original author: 
Ars Staff

This story was co-produced with NPR.

Imagine filing your income taxes in five minutes—and for free. You'd open up a prefilled return, see what the government thinks you owe, make any needed changes and be done. The miserable annual IRS shuffle, gone.

It's already a reality in Denmark, Sweden, and Spain. The government-prepared return would estimate your taxes using information your employer and bank already send it. Advocates say tens of millions of taxpayers could use such a system each year, saving them a collective $2 billion and 225 million hours in prep costs and time, according to one estimate.

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