The U.S. Tax Code is an immense and complex thing. Depending on your types of income and other individual circumstances, a tax return can be challenging to prepare. Doing your taxes online reduces errors and spares you from the headache of selecting the right tax forms to file. In all respects, efile (as it’s been referred to), is a better way to prepare and file your taxes in the United States. So say goodbye to old-fashioned paper filing and file your taxes online. Learn more about how to efile your taxes.
Here are ten good reasons why you should prepare and efile your Federal Incomes Taxes online:
10. Nearly 70% of U.S. Taxpayers efiled
In 2010 (for tax year 2009), almost 70% of all U.S. taxpayers efiled their taxes. That’s almost 100 million taxpayers! Every year, more and more people discover the advantages of efiling.
9. No Need to Select Tax Forms
If you don’t know U.S. tax laws, you don’t want to be picking tax forms all on your own. The efile tax software will do this for you based on the tax answers you give during an online interview. Once you enter a little information, the efile software will generate the correct forms for you and even put them in the proper sequence. All you need to do is enter the amounts, names, etc. where the software tells you.
8. Convenience and Online Help
You can “test drive” the software before you create an account; many online tax help and support features are also available. The online software, with it’s built-in error checking features, will assist you and check for any potential mistakes or missing information. When you are ready to efile, you will go through a simple checkout process. You will be emailed about the status of your tax return. Access your tax return at anytime, from wherever you have access to a browser and the Internet.
Electronic filing is safer and more secure than “traditional” paper filing. Why? efiling is more secure because your return will be encrypted and safely transmitted to the Internal Revenue Service. If you choose direct deposit, your refund can be transmitted directly to your bank account by the U.S. Treasury Department. With efile, there is nothing in the post to get lost or stolen. IRS-efile safeguards privacy and personal tax data.
6. Tax Return Accuracy
Efiling is more accurate than doing a tax return on paper because the tax software drastically reduces filing and math errors. The IRS says paper tax returns have an average error rate of 20%, but efiled tax returns have an average error rate of only 1%. The efile tax software will perform all the necessary calculations for you, so there are no math errors to be made, and it will let you know if you are missing any necessary information on your tax forms.
5. Tax Return Status and Feedback
If there is an entry error on your paper-filed return, you will have to wait for a letter in the post. With efile, you will know about any errors immediately, and a site like efile.com will give you support to help you fix any problems. Also, when you efile, you will know as soon as your return is accepted, and you can track the status of your tax refund online.
4. efile Is Less Taxing
efiling your taxes is indeed less taxing for you. It saves time and reduces your workload as well as your frustration level! The efile software automatically pre-fills your information in every form you need, so you don’t have to type the same thing over and over again. Once you enter figures such as your income, the information flows into all the other forms that require it. And after you have entered all of your information, you can import it into your returns in future years, further cutting down your workload.
3. Biggest Refund Guaranteed
Based on the information you enter during the online tax preparation process, the efile software will calculate the biggest possible tax refund available to you. On a paper return, it’s easy to miss a form or a line item. Use efile and claim all the credits and deductions that you deserve. Avoid having to amend your return later–efile.com guarantees you the biggest tax refund allowed by law on any tax return prepared on efile.com and accepted by the IRS.
2. Get Your Refund Faster
Get your tax refund the fastest possible way – deposited right into your bank account. During your online tax preparation, simply choose to have your federal and state tax refund direct deposited into your bank account. If you efile and use direct deposit, you can even receive your refund in as few as 8 days.
1. FREE efile
You can prepare and efile a simple tax return for free. If your tax return can be filed on a Form 1040EZ, there will be absolutely no charge for federal tax preparation and efiling on efile.com. Find out if you qualify for the efile.com FREE FEDERAL EDITION.
Getting started is simple. Just create a free account and start your tax return online now at efile.com.