| The way we do taxes in this country has changed. No | | | | processing the return. See the above list for more |
| more going down to the local library or post office and | | | | details on qualifications. |
| collecting all the necessary forms. No more spending | | | | What Software Should I Use? |
| hours penciling in incomes and deductions. You're | | | | Turbo Tax is arguably the most well-known tax |
| halfway through your return and discover you need | | | | preparation software. And it is incredibly easy to use. |
| another form? Simply download it; and if you file with | | | | As a new customer, you can quickly and easily |
| one of many online services it may be automatically | | | | prepare your federal tax return as you are guided |
| attached to your return. Fifty-seven percent of | | | | through a step-by-step process. You may also file |
| individual tax payers e-filed in 2007, an increase from | | | | your state income tax with Turbo Tax. As a repeat |
| 2006 of three percent. This year even more people | | | | customer, you have the benefit of importing your |
| will take advantage of e-filing. | | | | information from last year, and Turbo Tax will simply |
| Why E-file? | | | | walk you through the area that needs updating for the |
| Filing online is easy and safe. And you get your return | | | | current returns totals. No more hunting down your |
| a lot faster; if you select direct deposit you may | | | | children's' social security numbers; it's all right there for |
| receive your return in as little as 10 days. An email | | | | review from last year's return. The program searches |
| notification that the IRS has received and accepted | | | | your return for errors and prompts the user to amend |
| your return is sent within 48 hours of submission, so | | | | them before submission, reducing the need for |
| there is no guess work as to when processing began. | | | | troublesome corrections after the IRS has received |
| If you have filed online before you may even have a | | | | your return. |
| PIN from the IRS, and so there is no need to submit | | | | Filing online saves time, trees, and headaches. So why |
| signature forms. And just like anything you do on the | | | | not log on now and complete your taxes, get your |
| internet, it can be done from the comfort of your | | | | refund. Just be aware that you may be one of the |
| home, anytime, day or night. | | | | over 13 million taxpayer who will be affected by a filing |
| Free E-filing | | | | delay due to changes to the Alternative Minimum Tax. |
| The IRS and the19 partner companies offer free | | | | If you will need to file Education Credits (Form 8863), |
| e-filing of your federal tax return for those who qualify. | | | | Residential Energy Credits (Form 5695), Form 1040A's |
| You may be eligible for free filing if your adjusted | | | | Schedule 2: Child and Dependent Care Expenses for |
| gross income was $54,000 or less. The IRS has | | | | Form 1040A Filers, Mortgage Interest Credit (Form |
| prepared a list of companies forming the Free File | | | | 8396), or District of Columbia First-Time Home buyer |
| Alliance, which you can find online. Be aware that | | | | Credit (Form 8859) you will need to wait until February |
| certain deductions or itemizations may disqualify you | | | | 11th, 2008 to file your return or it will be rejected. |
| from free filing, and this varies by the company | | | | |