image credit: Adobe Stock

Senators press for barcodes on tax returns so IRS can process them faster

January 25, 2024

Members of the Senate Finance Committee are calling on the Internal Revenue Service to rely on barcodes to process millions of paper tax returns more quickly.

The Barcode Automation for Revenue Collection to Organize Disbursement and Enhance (BARCODE) Efficiency Act, introduced by Sens. Tom Carper (D-Del.) and Todd Young (R-Ind.) on Thursday, would require all returns prepared electronically and filed on paper to include a scannable 2-D barcode.

Read More on Federal News Network