Important Reasons to Choose E-filing of Income Tax
Manual or paper-based method of filing taxes is the most popular among most people because it is what they have been doing for many years and has been effective. Thanks to technological advancements, e-filing of taxes have become possible; not to say that you cannot file your taxes the old fashion way but the advanced method is not only easier but faster too. If you are still stuck with the old fashion way of filing taxes it’s probably because you are unfamiliar with the benefits of e-filling. You can benefit from e-filing your income tax return in the following ways.
Even if you have never tried the e-filing of tax returns before it will not be a problem on your first attempt because you will have all the instructions you need to make the entire process a success and you can complete it in a single sitting because it is easy to use. One of the best things about e-filing of tax returns is the immediate peace of mind you get after submitting your returns; you will immediately know that your returns have been filed thanks to immediate confirmation you will get.
Another benefit of e-filing of tax return is faster refunds; normally, you would wait for the tax authorities to cut and check and mail it to you which can take forever but if you file them electronically, you can expect to have the refunds in your bank account sooner than you expected. Since e-filing of tax return is available twenty-four hours, seven days a week, you can file both your federal and state tax return at the same time without leaving your home or office as is always the case if you are mailing.
Improved accuracy of your tax return is another benefit of e-filing; because of the serious repercussions you can face due to a single mistake when filing your tax returns, you will automatically have your work checked for you, which can save you a lot of trouble in the long run. You can take advantage of the direct deposit of refunds and direct debit for tax payment if you are filing your return electronically, saving you the trouble of being involved in the process.
Instead of spending several hours filing your tax return manually before mailing them to the tax authorities, you should consider doing it online in a few minutes where the returns are accepted automatically. E-filing your tax return is always safer than mailing because it is completed in an instant and your information is transmitted across a secure server. You should file your income tax online because of the reasons discussed above.