Tax Tip: Skip the Stamps and File Electronically


Share This Story

Gajus/Thinkstock(NEW YORK) — If you’re used to mailing in your tax returns, you may want to reconsider this year.

“I can’t imagine, why, if you’re allowed to e-file, why you wouldn’t,” says tax accountant Janice Hayman.

She says filing your taxes electronically makes sense.

“Paper returns are going the way of the dodo bird,” Hayman tells ABC News Radio.

Last year, for example, more than 120 million taxpayers ditched paper forms and e-filed with the Internal Revenue Service — either using tax software or through a tax preparer.

Eric Smith with the IRS says e-filing helps cut down on mistakes and gets your refund to you quicker.

“Most people who file electronically get their refunds in three weeks or less and if you choose direct deposit, you can cut that down even more,” he notes.

And Hayman says that means you don’t have to check your mailbox everyday looking for your money.

“There were several taxpayers that I know that were chasing down refund checks last year and they had to be reissued. So I think direct deposit is a better approach,” she says.

Copyright 2014 ABC News Radio

Respond to this story