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Last Updated: Jul 2nd, 2008 - 21:15:22 |
(NAPSI)-It's tax time and that can mean hours of gathering together receipts, reading instruction books and filling out tax forms.
But the process doesn't have to be so complicated. Because if you e-file your returns, you'll be guided through a paperless process, saving you time and possibly even money.
e-file Is Popular
Millions of people have already discovered the benefits of electronically preparing and filing their income tax returns.
Since the program launched in 1986, over half a billion returns have been filed using e-file. And the number of taxpayers who file this way continues to grow. Last year, nearly 60 percent of taxpayers electronically filed their returns to the Internal Revenue Service (IRS).
e-file Has Many Benefits
• It's accessible. You can e-file your return 24 hours a day, seven days a week.
• It's more accurate. E-filed returns are less prone to errors since the software catches many mistakes, thereby reducing the likelihood of follow-up correspondence from the IRS.
• It's quick. Refunds come in half the time as paper filing…in as little as 10 days when you use Direct Deposit.
• It's safe. Electronic transmissions to the IRS are secure.
• It's reassuring. After you e-file your return, you'll get an electronic acknowledgement that the IRS received it.
• It's convenient. If you used e-file in 2007, you can access your previous year's return and copy duplicate information, such as your address, to a new form.
Now that you know the benefits of e-filing, how would you like to do it for free?
This year, more than 95 million taxpayers-70 percent of filers-will be eligible to e-file their federal returns through Free File, a program created in partnership with the IRS and the Free File Alliance, a group of leading tax preparation companies. To qualify, you need to have earned $54,000 or less in adjusted gross income during 2007.
Free File is safe, easy to use and available in English and Spanish. To use, go to www.irs.gov, click on "Free File" and select a tax preparation company from the list. You'll then be directed to the company's Web site to electronically prepare and e-file your return.
This year, make tax season better by e-filing your tax returns. To learn more, visit www.irs.gov/efile.
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