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Income Tax Filing Online

Written by Kathleen Gagne
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Income Tax Filing Online This Year

Last year, over 53 million taxpayers took advantage of the option to do their income tax filing online. The vast majority of them were very pleased with their choice. Read on to understand why most of them, and millions more, will do their taxes online this year.

First of all, the process is easy. Interactive programs actually guide you through each step as you fill out your return. You will be asked questions that will help you to determine which Federal forms and schedules to use, and they you'll simply have to enter data from your tax documents as asked. In addition, on virtually every screen, you'll have access to tips and/or frequently asked questions that will help you make the right entries.

Saving Money and Time

When you do your income tax filing online, it will generally take you far less time. If you use the same program next year, it will take even less time because the program will already have your information. You can do your return in the comfort of your own home, so that, if you need to find an additional document, all you have to do is walk a few steps. You won't be paying anyone by the hour, either.

Studies have already shown that returns completed using software are more accurate than those done on paper. This is because your computer does all of the calculating for you once you enter the data. When you file online, you'll get a confirmation of receipt from the IRS within 48 hours; they guarantee it. Choosing the direct deposit option will also get you your refund within just a few days.

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