It’s that time of year again – the time most red blooded Americans dread – tax time. Between changes to the tax code and the sheer number of decisions that must be made during tax preparation, it is no wonder that hardly anyone actually enjoys preparing and filing their taxes.
Luckily, many American’s have an option that is simpler, safer and even faster – efiling. Taking just a bit of time to understand what this program is, how it works and who is eligible means a little bit of breathing room for many tax payers.
There are several key benefits for those who opt to use a program that helps Americans efile tax returns. The first is time – a lot of time. The actual tax prep for those that file electronically is minimal. Even better, a federal tax return can be approved in as little as 24 hours. Additionally, an available refund can be received in approximately ten to fifteen days.
Next, those who opt to file online see substantial savings by not hiring a tax professional. Finally, those who choose to efile tax returns benefit from the convenience of preparing and filing their return at home – or anywhere else.
The IRS actually wants you to file electronically. Almost everyone is eligible to submit an eFile tax return. In fact, those with an adjusted gross income of less than $58,000 can file for free on the IRS website. It’s safe too, the IRS has invested a lot of effort to ensure that the system is safe and secure, meaning there is no need to worry about sensitive identification information being high jacked during the process.
Tax payers who are looking for a way to streamline the tax process and to receive their refund faster should prepare and file their taxes electronically – it is the only option that makes sense.