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Entry bubble E-file Your Taxes!

By: Jake | March 03, 2008 | Category: Money

With changing tax laws, tax rebates checks and tax cats giving advice, there's a lot to consider when filing your taxes. E-filing can make things easier. It has for me.

For the last few years I have filed my taxes electronically. I have found e-file is more accurate and it saves me time number crunching. I also receive my refund quicker than I did when I mailed my refund. I'm not the only one that's found filing online easier. The Internal Revenue Service received nearly 80 million tax returns electronically in 2007 which accounted for nearly 60 percent of all returns they received. This is not just individuals; small businesses, charities and nonprofits can also e-file.Tax Computer Key

There are some things to think about before filing your taxes electronically. If your adjusted gross income is less than $54,000 you can file for free, but if it is more you will be charged for e-filing. Some states will accept your state tax return along with your federal return, but some will not. You should check to see how your state accepts online tax returns before you file. Also if you don't normally file a tax return, but are doing so for the tax rebate checks you should contact the IRS before e-filing to see if you are eligible.

For those who want to e-file, the IRS has a searchable database of local e-file providers as well as a list of online tax preparers. Though strict government laws won't allow me to endorse what it says (Oh, I'd only lose my job) and it's not a tip from their expert, the tax cat, you may want to check out the Consumerist post last week about how these online tax preparers rank.

| Comments [4] | envelope Email This Entry | Tags: e-file  jake  online  taxes 

Comments:

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Thanks, but no thanks to e-filing. When ever I did my own taxes there was always some kind of error. Thats why I have the family accountant do them. I get a better refund and I don't have to worry about errors.

Posted by Citizen Jmaximus on March 03, 2008 at 01:40 PM EST #

Citizen Jmaximus,

Understood. If you have your own accountant then I can understand why you wouldn't e-file.

Jake

Posted by Jake on March 03, 2008 at 01:53 PM EST #

Wow thanks for all the great info Jake. I didnt know that you can e-file for free if you make less than $54,000. That sure beats going to some companies and paying them upwards around $100 dollars to do your taxes. I found that the IRS.gov site was fairly easy to navigate and it was able to direct me to a list of companies that fitted my tax filing criteria.

Oh and btw I love this blog I have found so much usefull and interesting information here. Keep up the great work guys!

Posted by Joe on March 04, 2008 at 12:08 PM EST #

This is great.

Posted by Tstanton on March 04, 2008 at 04:39 PM EST #

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