5 Big Benefits to E-Filing Your Taxes
By Chris Bibey
NEW YORK (IRS.com) -- There are many benefits to filing your taxes online.
Once you are familiar with the advantages of electronic filing, there is a good chance you will put down the pen forever. Here are some of the biggest advantages of electronic filing:
Tracking and organizing your records
When you file your taxes online, you are creating a permanent electronic record for use in the future. If a question comes up about your tax return, you will not have to dig through filing cabinets or giant stacks of paper. Instead, you can pull up your information on your computer and get to work right away.
While you may have to pay a fee to file your taxes electronically, in the end you could very well make this money back (plus more). Most people find that filing their taxes online gives them the chance to take advantage of more tax credits and tax deductions. Many tax preparation programs will help you file your return and tell you about potential tax benefits. In turn, you may get a larger tax refund or end up owing less money.