Do you file your taxes electronically?
I never used E-file, not since I knew there’s such an option. The reason is very simple: I didn’t have a refund to claim, so I wasn’t that eager to send Uncle Sam my tax money. Every year I printed out my tax forms and waited till April 15th to mail them out. However, if you do expect a refund, there are plenty of reasons to use e-file, just like there are many benefits of using direct deposit.
Still not convinced? IRS recently published some tips to help you better understand the benefits of e-filing your taxes:
- Itís easy. You can usually file a state tax return at the same time you electronically file your federal tax return.
- Itís accurate. No more human errors because e-file checks for math errors and necessary information. This not only increases the accuracy of your return, but it also reduces the need for correspondence with the IRS to clarify errors or omissions.
- Itís fast. You donít have to make a trip to the post office. In fact, you wonít even need to walk to the mailbox to send your return. Just click Send.
- Youíll get your refund faster. When you use e-file, you can get your refund in as little as ten days.
- No more second-guessing yourself. When you file electronically, the computer software or online program guides you through the process step-by-step.
- There are more payment options. With e-file, you can file your return early, but wait to pay any balance due by the April deadline. You can also pay electronically using a credit card, electronic funds withdrawal or in some cases the Electronic Federal Tax Payment System.
- Youíll know the IRS received your return. The IRS will send you an electronic notification acknowledging receipt of your return.
- Youíll have peace of mind. After clicking send and receiving your notification from the IRS that they received your returnÖkick back and relax Ė youíre done!
Are you going to use e-file this year?