The Advantages of Using Online Tax Preparation Programs for 2014 Regardless of how simple or complex your income

tax situation is you are eligible to use a tax preparation program to file your taxes online. Many tax preparation programs have a free option available for those with simple tax situations who do not require much assistance. However, if you have the money to invest you can upgrade to a program that has more features, such as audit protection and email assistance. Additionally, if you upgrade, you will also be able to file your state taxes online. Tax preparation software is becoming increasingly popular for a variety of different reasons. First, the programs make it easier to file taxes and they are able to answer any questions or concerns that you may have. Furthermore, they help you claim the maximum amount of deductions and tax credits. Organizes Records One of the perks to filing your taxes online is it creates a permanent electronic record for you to access at any time in the future. If a question arises about your taxes you do not have to worry about tracking down the paperwork. Instead the software will allow you to access whatever information you need with no hassles at all. Saves Money When you file your taxes online there is a good chance that you could make back the fee you paid to do so plus more. Online tax filing allows you to claim more credits and deductions that you would not have known you were eligible for it you had paper filed. The majority of the tax preparation programs on the market today, such as TurboTax, will inform you about all of the potential tax benefits while helping you file your return. This results in you getting a larger tax refund back or owing the IRS less money. Avoids Tax Audits and Improves Accuracy It is very important to make sure that you have filled out your tax forms 100% accurately. It you e-file it is more likely that your taxes will be filled out accurately. This is because when you file electronically the program does the tax calculations for you and it takes out having to play the guessing game. You no longer have to try to figure out which tax forms you need to be using, what steps to do next, and some programs even have audit protection available. Furthermore, mistakes can be found before the form is submitted to the IRS. This results in your taxes being accurate which reduces the chance that you will be audited by the IRS.

Faster Tax Refunds If the IRS owes you a refund you should consider filing your taxes online so you can get what is yours returned to you as quickly as possible. When e-filing you can opt in for direct deposit which will allow you to receive your tax refund in two weeks or less. The money will go directly into your bank account so you can use it as soon as your bank clears it. Conclusion Tax season not only causes tax payers a lot of stress but it also can be very time consuming depending on how you plan to file. If you are someone who wants to get your refund on schedule you are more than likely not going to want to spend extended amounts of times getting your taxes ready and filed. So, using an online tax preparation program would be a great alternative to paper filing for you. Overall, the past couple of years, a lot of people have begun to realize that electronic filing with TurboTaxis one of the top-notch tax preparation options. Not only do you get help while filing your taxes but the programs also allow you to access guides and other resources that can help you understand your tax situation.