Don’t let filing your taxes every year become a chore. when youHopefully you will find easier ways to pass the time .
Filing electronically has become increasingly popular over the past few years. More than 90% of US taxpayers filed their taxes online last year, receiving an average refund of $3,039, according to the International Revenue Service (IRS). Information shows the IRS reported 47% of e-filings were self-filing.
But choosing to e-file doesn’t mean you have to go through the process alone. Online tax preparation software sites, such as TurboTax, allow taxpayers to choose between different versions — from basic to premium and others that include different features. Most taxpayers (53%, according to the IRS) who filed online last year sought professional help.
If you haven’t filed your taxes yet, don’t delay. There are plenty. Creating an account takes seconds with TurboTax, which has over 155,200 customer reviews rated 4.6 out of 5 stars. Get started today!
Why should you file your taxes online?
As you can see, most Americans choose to e-file and even the International Revenue Service encourages it is
“The IRS encourages taxpayers to file their tax returns electronically, which saves the IRS money and allows taxpayers to receive their refunds faster,” the U.S. Government Accountability Office explained. Blog post Time to highlight the IRS Free File program last year.
Here are three reasons why taxpayers decide to file their taxes online:
More Americans are choosing to file electronically out of convenience. Many tax preparation services can connect you with a tax professional who can advise or virtually review your return.
“Electronic filing cuts down on mail time and provides a convenient and secure way to receive returns quickly with direct deposit information on an electronically filed form,” the IRS said. said.
Efile.com agrees, highlighting convenience and accuracy as one of the top benefits of filing electronically.
“Whether you use an online tax preparation service (Compare popular services here) or use the IRS filing program, e-filing is a more convenient option. Instead of dealing with mountains of paperwork, e-filing provides simple, step-by-step instructions and prompts,” Efile.com said online. Learn more about filing your taxes electronically at Efile.com now!
Are you looking to get your tax refund as soon as possible? If so, e-filing can help.
If you decide to file by paper, you may wait six weeks or longer for the IRS to process your return, the IRS said. warned. “If you mailed a paper Form 1040, US Personal Income Tax Return PDF, it may take 6 to 8 weeks to process your return,” the IRS says on its website.
E-filers typically receive their tax refunds in less than 21 days, possibly even faster if they choose to receive their funds back by direct deposit — an IRS recommendation. TurboTax can help you track your refund so you can get updates from start to finish. Get notified when your e-filing is complete, when the IRS receives and approves your refund, and when it’s credited to your account.
“Direct deposit into a bank account is safer because there are no checks to lose. And it takes less time for the U.S. Treasury to issue a paper check,” the IRS said. Comment.
If you wait six weeks or longer and you file electronically, use the IRS’ Check out my refund tool View your status. There are many here Reasons for possible delays. The IRS will usually reach out to you by mail if there is a problem with your information.
There are plenty of free and low-cost filing options for taxpayers — just make sure you do your research.
“Over the past nine years, Americans have used TurboTax to file an estimated 113 million tax returns completely free, more than all other tax prep software companies combined,” TurboTax claim on its website, directs users to its free services
TurboTax’s Live-Assisted Basic offering is a free version that allows users to file for free with the option to get expert advice and a final review before filing. Just remember that this is a limited time offer, ending on March 21. Learn more about the free version here.
Ultimately, the best way to cut costs is to compare tax preparation offerings and services to determine which program is the best fit for your needs. Use the table below to get started.