Do 2008 taxes online (normally filed in 2009). IRS efile 2008 taxes, free tax software from Taxhead.com. eFile taxes website. Easy to efile income tax return - tax form 1040A or 1040EZ. Tax, taxes, income taxes, online taxes, web taxes, 1040-A, 1040-EZ. Easy to efile with free tax software. www.irs.gov IRS e-File tax form (This site is designed to be viewed on browsers that use a newer version of the "cascading style sheet" (css) specification. If you can see this message, then your browser may not be up-to-date.)
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Do my taxes online? IRS eFile helps makes taxes easy
IRS eFile and free tax software make doing your own taxes fast, safe and easy!
Today, most people find they can prepare and eFile their own tax return in minutes, securely, online. The number of people that efile self-prepared taxes has risen dramatically in recent years. This trend stands in contrast to the trend toward an increasingly complex and confusing federal income tax forms. And this trend also marks a tipping point in tax preparation toward self-prepared taxes. Yes, you too can do taxes online.
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Do your 1040EZ or 1040A tax return online Get your Tax Refund: eFile your 2008 taxes Now |
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With new web-based tax software tools, more and more people find themselves empowered to prepare and efile their own tax return. Self-prepared, online tax filing is the fastest growing segment of the efile tax market. The rise in the rate of self-prepared taxes can be attributed to two primary factors: the growth in Internet usage, and new web-based tax software tools that help people prepare and efile their own taxes more easily than ever.
In 1993, the IRS reported that 51% of all federal tax filers used paid tax preparers and only 8% of tax filers used a computer to prepare their own taxes. By 2003, the use of self-prepared taxes using tax software rose to 26%. Today, the average rate of growth for self-prepared taxes using tax software is over 17% a year. In 2008 almost 60% of tax returns used eFile. Using a paid tax preparer to efile taxes for clients is also growing, but at a slower rate of about 10% a year.
The backbone driving this trend is federal IRS eFile (or "electronic filing") system. IRS eFile is the way to file your tax return directly with the IRS. For more and more Americans it has become the quick, easy, smart way to get your taxes where you want them to be -- Done!
The phrase "tipping point" is a sociology term that refers to that dramatic moment when something unique becomes common. Web-based tax preparation and eFile has reached a tipping point. In fact IRS eFile has been so successful that it leads the way in influencing "e-behavior" - working electronically with consumers, businesses, and other groups. Today more than 50 percent of Americans efile their taxes, whereas between 30 and 40 percent of Americans bank online. Efile has also grown faster than online retailing. According to Forrester Research, about 7% of retail sales were made online in 2005. But the IRS reports that in 2008 almost 60 percent of federal tax returns used IRS eFile. And tax eFile usage is accelerating. Over the past four tax years, IRS efile grew at an average rate of 12%, and is now accelerating at a grow rate of 15% a year.
IRS eFile Benefits for your Taxes
Do my own taxes? - Prepare and eFile your taxes online and get several real and practical advantages:
Lower Cost Tax Preparation and Filing: Tax returns can be prepared with web-based tax software and then eFile for a few dollars. Many companies offer free tax software and only charge a small fee to eFile a tax return. Complete tax eFile packages range from about $10 for short-form (1040A and 1040EZ) services to about $50 for long-form (1040) tax services. Using a paid tax preparer is at least two times more expensive. According to a report by the Brooking Institution the national average for a paid tax preparer is over $100.
IRS eFile is Easy and Convenient: With online tax preparation there is no software to download or install. Using a secure account, web pages lead you step-by-step and verify the math. Because the tax software is online, a user can access their secure account and work on their tax return wherever and whenever they access the Internet. No more last minute trips to the Post Office - just hit Send! Once completed, the IRS provides an official acknowledgement that the tax return was received. If you owe money you can authorize an electronic funds withdrawal from your savings or checking account or use a credit card.
eFile in Minutes: About 70% of all individual tax returns use "short" tax forms (1040A or 1040EZ). Studies conducted by the IRS suggest that over ten hours are needed, on average, to prepare a 1040A ("short form") tax return using paper forms. Meanwhile, several tax efile companies report that people using online tax software prepare and efile their 1040EZ or 1040A tax return in under an hour. One company (Taxhead.com) reports that most of their online tax software customers completed tax returns, in one sitting, in under 30 minutes.
Tax Refund in Days: With IRS efile, you can receive your tax refund in about half the time, compared to paper tax form filers, or even faster by having your tax refund directly deposited into your check or bank account. With IRS efile, you can get your tax refund in 9-15 days. With paper forms, hope to get your tax refund in 3 to 6 weeks.
Greater Accuracy, Fewer Tax Return Errors: eFile tax software greatly reduces the chance for tax form errors. You’re less likely to hear from the IRS down the road because if you efile your tax return it is automatically checked for accuracy (99 percent accurate). If errors are detected, you (or your tax preparer) will receive an electronic message indicating the tax return error and the IRS will allow the mistake to be corrected and resubmitted without penalty. Conversely, the IRS reports up to a 20% error rate in paper tax returns. Also, those using paper forms are more likely to receive an IRS penalty or have their tax payments misapplied.
Socially Responsible: Do you own taxes online and use IRS efile and you are helping to save resources now and for future generations - less paper, less time, less energy; it's a more efficient, friendly way to prepare and file your tax return.
Peace of Mind: After you efile your taxes the IRS provides an official acknowledgment of your tax return forms. You’ll get confirmation within 48 hours that the IRS received your return. This is something you do not get with paper form tax returns. And efile is secure. The IRS reports that efile transmissions are absolutely secure. IRS efile meets or exceeds all government security standards. And, according to the IRS, taxpayers who use IRS efile have no greater chance for security problems compared to those that file paper returns. If you owe money, you can eFile early in the season and delay electronic funds withdrawal payments to as late as April 15.
Research shows that more than 80 percent of taxpayers who have tried efile are "very satisfied" with the benefits of IRS efile. 83 percent of individual taxpayers who use IRS efile remained loyal and efile the following year.
History of IRS eFile
IRS efile program for individual and business tax returns has come a long way since it's debut in 1986. The IRS began its endeavor into the world of electronic services by partnering with industry and the tax professional community. That partnership has continued to today and has allowed the program to expand to provide new services and to increase return volumes, reaching more taxpayers than ever before.
Key Milestones for the IRS eFile Program
1986 - Electronic tax filing (e-file) began in 1986, with the transmission of 25,000 refund-only individual income tax returns.
- 1994 - Over 14 Million individual and 1.7 million business returns used e-file from over 39,000 transmitters--15.7 million electronic returns in all.
- 2003 - Over 53 Million individual returns used efile
- 2005 - More than 50% of tax returns used efile, for the first time.
- 2008 - Almost 60% of tax returns used efile.
Do your taxes online. Getting started with online tax software and IRS efile is easy. Taxhead.com is an online tax software company and Authorized IRS Efile Partner. They offer free tax software so you can do your taxes easy, secure and online. Use their IRS eFile service and you can get a tax refund in days.
The IRS maintains a list of authorized Efile Partners and authorized efile providers at www.irs.gov.
Why not do your 2008 income tax return online? In 2009 and you can prepare and eFile your 2008 federal income taxes online fast, easy and secure. Online tax software and IRS eFile make it easy.
To learn about how the IRS e-file program has progressed over the year, read the IRS e-File Study