Advantages of E-Filing
E-filing has some key benefits over other methods of filing, including:
- The IRS doesn’t have to re-enter your information into its system. So, e-filing results in fewer data-entry errors.
- You receive an acknowledgment that the IRS received your return. The IRS doesn’t send an acknowledgment when it receives paper returns.
- You’ll receive your refund faster if you e-file your return rather than mailing it.
If you owe the IRS, you can ask the IRS to electronically withdraw the money you owe directly from your bank account. You can decide when the IRS withdraws the money –up to the last minute on the filing deadline, even if you filed your return earlier.
Learn more about the potential tax benefits of charitable holiday giving. Your holiday donations may boost your refund, depending on the organization.
Learn more about the different credits that form the investment credit and get tax answers at H&R Block.
Which residential energy-efficient property tax credits are available for second homes? Learn more from the tax experts at H&R Block.
Some education expenses are tax deductible or may allow you to claim a tax credit. While new tax rules changed what’s available, student loan interest is tax deductible. Additionally, tuition and fees still count as qualified education expenses for the American Opportunity and Lifetime Learning credits.