Online Tax Return – Filing Your Tax Return Online
Tax Return Online
Filing an online tax return is often presented as an easy alternative to traditional filing practices, but that doesn’t necessarily mean that the process is self-explanatory. There are a number of important factors to consider when choosing the right service provider and taking advantage of deduction opportunities. Start with these tips for a successful experience.
Only choose IRS-authorized e-filers
In the Fiscal Year 2012, the Internal Revenue Service conducted 900 identity theft-related criminal investigations. Unfortunately, this figure increases every year with the growth of e-filing tax services. In many cases, the problem involved using an e-filer that wasn’t authorized by the IRS. Make sure to take advantage of the Authorized IRS e-file Provider Locator, which allows you to contact an IRS-authorized tax professional in your area who has an approved electronic filing program.
Take advantage of IRA contributions
Say you went through the whole e-file process and aren’t exactly happy with the figure you got. With most deductions, the deadline for your tax return is December 31 of the previous year. However, those who qualify for IRA contributions can make them up until April 15 of the following year. Choosing this method can help you keep more of your money in the long run.
Choose direct deductions and deposits
One of the most convenient aspects of filing a tax return online is that you can pay with a debit or credit card, or take the funds directly from your bank account. Direct deduction and deposit is typically the fastest way to undergo the process, while also reducing the risk of identity theft and processing errors.
H&R Block is an IRS-approved center for filing online tax returns. If you have questions or concerns about getting everything covered before filing, our tax professionals would be happy to help you optimize your online tax return. With over 12,000 locations across the country, you can count on easy accessibility and maximum convenience.
Tax preparers can have various designation and specialties. Learn how different types of tax preparers at H&R Block can help you in person or virtually.
Do you have unreimbursed expenses to include on your tax return? Learn how to claim unreimbursed employee expenses with IRS Form 2106.
If you’re itemizing deductions, the IRS generally allows you a medical expenses deduction if you have unreimbursed expenses that are more than 7.5% of your adjusted gross income for tax years 2017 or 2018. You can deduct the cost of care from several types of practitioners at various stages of care.
Learn how to deduct student loan interest with H&R Block. Get information about qualified education expenses and see if a student loan tax deduction applies to you.