Online Tax Filing - How Do I Know It's For Me?

Online Tax Filing - How Do I Know It's For Me?

There are many benefits to filing your taxes online, especially speed. Filing online will allow you to get your tax refund in as little as 10 days. There are also numerous tax software programs that can help get you through the process of filing your return. You can file your 1040 tax form, plus with electronic tax filing, it's very low cost or even free. When it comes time to actually fill in all the boxes on a return to send to the IRS, one of the best tax filing tips is to use one of these tax perparation programs to keep track of everything. Developed for do-it-yourself taxpayers like you, these software programs prepare both your federal and state tax returns, often including FREE e-filing. Plus, they may offer the option of paying your online tax filing fee with PayPal, as well.

What's So Great About Filing Online?

Online filing eliminates the need for going through the tiring steps of rushing to the local IRS offices and post offices and waiting in never ending lines to mail the documents before the due date. Online tax filing has also reduced the time gap prior to receiving your tax refund, and papers can be printed on demand to maintain precise records for future reference. Online tax filing also facilitates tax payments using credit cards, which can give additional bonuses such as free travel points. Online income tax filing is generally free if individuals file tax returns themselves, and millions of people file taxes online each year. It's easy with so many online tax filing software applications to choose from. One statistic states that during the first quarter, nearly 39 percent of respondents to a survey said they planned to file their federal taxes online this year, up from 37 percent last year and approximately 28 percent three years ago.

What's This Free File Program All About?

The IRS has partnered with 19 tax software companies for what's called the Free File program. The Free File program is free for qualifying taxpayers to prepare and electronically file their federal income taxes. The software programs available to complete the returns are much easier to use than they used to be, and they can keep you from making simple mistakes. Such programs often include helpful tax-filing hints based on the information you enter, and most tax preparation software companies have updated their programs to account for the deductions and necessary notations that change every year. The costs of these tax filing programs vary, depending on what program you use, and many programs offer extra audit protection for a fee, though it's not quite the same as going to an accountant.

The Bottom Dollar About Electronic Tax Filing...

There are many free tax filing options available with varying eligibility requirements. Why not join the millions of people who have discovered how easy online tax filing can be? Instead of hiring an accountant, give online tax filing a try this year.