Convenience
E-filing your tax returns is more convenient then dealing with piles of hard to understand forms and documents. There are no records to track down, and no long trips to the local store or post office. You can file your returns anytime you want, 24 hours a day, seven days a week from the comfort of home.
Speed
E-filing is by far the fastest way to file your income tax return. The average taxpayer who e-files will get it finished in less than 45 minutes. Compare this to spending hours going through your paper tax return line by line.
Accuracy
According to IRS reports, the error rate for paper returns is around 20%. However, the error rate for e-filed returns is under 1%.
Security
The IRS launched the e-file program in 1986 and since then nearly one billion tax returns have been e-filed and there has not been a single security breach.
Quick Money
If you e-file your return and choose to have your refund deposited directly into your bank account, you can receive your refund in as little as 10 days. On the other hand, if you file by mail it can take over 10 weeks to get your refund.
Delayed Payment
If you owe money to the IRS then you can use e-filing to delay your payment to the IRS until April 15. That way you can have the peace of mind in knowing you filed your return early, but can schedule your payment for the anytime you like.
IRS Confirmation
When you e-file your return, you will receive confirmation within 24 hours of the IRS accepting or denying your tax return. You will also receive an email confirmation with proof of acceptance in about six to seven days.
State Returns
In most cases, if you have to pay a state income tax then you can file it online in the same e-file that you send for your federal return. The IRS will take the information entered and forward it to your state tax agency.
Less IRS Employees
By e-filing your return, you can also help the IRS, who will not have to pay employees to type your information into a database. Therefore they can hire fewer employees and cut back on the total cost. Additionally, there is less of a chance of an error from an IRS employee.
E-filing your tax returns is more convenient then dealing with piles of hard to understand forms and documents. There are no records to track down, and no long trips to the local store or post office. You can file your returns anytime you want, 24 hours a day, seven days a week from the comfort of home.
Speed
E-filing is by far the fastest way to file your income tax return. The average taxpayer who e-files will get it finished in less than 45 minutes. Compare this to spending hours going through your paper tax return line by line.
Accuracy
According to IRS reports, the error rate for paper returns is around 20%. However, the error rate for e-filed returns is under 1%.
Security
The IRS launched the e-file program in 1986 and since then nearly one billion tax returns have been e-filed and there has not been a single security breach.
Quick Money
If you e-file your return and choose to have your refund deposited directly into your bank account, you can receive your refund in as little as 10 days. On the other hand, if you file by mail it can take over 10 weeks to get your refund.
Delayed Payment
If you owe money to the IRS then you can use e-filing to delay your payment to the IRS until April 15. That way you can have the peace of mind in knowing you filed your return early, but can schedule your payment for the anytime you like.
IRS Confirmation
When you e-file your return, you will receive confirmation within 24 hours of the IRS accepting or denying your tax return. You will also receive an email confirmation with proof of acceptance in about six to seven days.
State Returns
In most cases, if you have to pay a state income tax then you can file it online in the same e-file that you send for your federal return. The IRS will take the information entered and forward it to your state tax agency.
Less IRS Employees
By e-filing your return, you can also help the IRS, who will not have to pay employees to type your information into a database. Therefore they can hire fewer employees and cut back on the total cost. Additionally, there is less of a chance of an error from an IRS employee.
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