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Friday, April 15, 2011

E-File Your Taxes

Monday is the last day to file your 2010 taxes. The quickest way to file is to e-file. You can do it for free is your AGI is lower than $58,000. Many people automatically assume that they cannot e-file even if their AGI is below $58K because they have a Schedule C, royalties, or some irregular circumstance. However, this is not true. Each company has it's own restrictions and limitation and many companies allow all sorts of forms to be filed and they are just as easy as Turbo Tax.

Go to the IRS website to see a list of companies that you can use to e-file.

If you are receiving a return, elect to have it deposited directly into your bank account and receive your refund in around 14 days. And, next year remember to file early to eliminate the stress of filing at the last minute and get your refund earlier. Of course, if you owe to the IRS, it would be beneficial to you to file on the last day possible.

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