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Tax E-file

Written by Kathleen Gagne
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Income Tax E-File

Over 53 million taxpayers filed their returns online last year, and the number is expected to be even higher this year. Online tax e-file just makes sense, especially if you expect a refund. By doing your taxes online, you will be able to find out within a day or so whether they have received your return, and you will be able to get your return with direct deposit within days instead of weeks.

On top of those advantages, E-file is much simpler to do. The computer program will lead you through the forms step-by-step, and they will do the math for you. The program will also save you the time you spent looking through the 1040 tax tables and will do the tax calculations for you, showing you the exact amount of your payment or refund. In fact, by using an online tax filing authority, you may discover deductions you could have missed doing the return on your own.

What You Need to Know About Tax E-File

You may be wondering how the online tax website will "get" your W2 forms. The answer is simple: all you have to do is to enter the exact information from your W2s and other tax forms into the program. Obviously, you should gather all of the tax documents you think you will need before you begin the process. Once you're ready to get started, you can count on getting your return done much faster.

You may even have the option to leave the program before you finish and to go back to the same point at a later time. Everything in the process is geared to making it as easy as possible for you. When you're searching for an online vendor, be sure to compare prices and guarantees. Look at features. Some vendors are more sophisticated than others and offer you more options. You will be able to pay online, and you can select a direct deposit option so that you will have your refund within a few days.

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