The IRS reports that well over 60% of all tax returns was filed electronically. While there are still a few situations that will require a paper return, the vast majority of taxpayers are able to file electronic returns.
The IRS actually encourages all taxpayers who are eligible to file electronically to do so. Here are several important reasons that they list to e-file your return.
- It’s fast Your tax return will get processed more quickly if you use e-file. If there is an error on your return, it will typically be identified and can be corrected right away. If you file electronically and choose to have your tax refund deposited directly into your bank account, you will have your money in as few as 10 days.
- It’s safe When you file a tax return electronically, the IRS is fully committed to protecting your information on our tax processing systems.
- It’s time Don’t miss out on the benefits of e-file, 2 out of 3 taxpayers, 95 million, already get the benefits of e-file.
Also keep in mind that if you owe the IRS money, you can e-file early and delay the payment up until April 15th without penalty. Additionally, 75% of all states (as well as the District of Columbia) allow you to simultaneously e-file your Federal and State return – saving you both time and money!
So, have you used e-filing in the past? What were your experiences? Haven’t used it yet? Why not?
Be sure to leave a comment or question below.
© 2010, Khaleef Crumbley. All rights reserved.
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