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Standard Summary
Comprehensive overview in 1-2 paragraphs
The FAIR PREP Act of 2025 amends the Internal Revenue Code to prohibit the Secretary of the Treasury from preparing tax returns or claims for refund, including through the Secretary’s electronic tax preparation services, and restricts the Treasury from funding or operating such services without congressional authorization.
Key Points
- 1Prohibits the Secretary of the Treasury from preparing any tax return or refund claim.
- 2Excludes the Secretary’s electronic tax preparation service from being considered a tax return preparation.
- 3Allows certain qualified return preparation programs and the IRS Free File Program to remain exempt.
- 4Limits the Treasury’s ability to award grants or contracts for electronic tax preparation services.
- 5Establishes a 30‑day effective date after enactment for the prohibition.
Impact Areas
Taxpayers who rely on IRS‑run electronic filing services.Private tax preparers and tax‑preparation software providers.The Treasury Department’s internal operations and budgeting.Congressional oversight of tax‑preparation programs.
Generated by openai/gpt-oss-20b:free on Nov 20, 2025