4 Benefits of Filing Your Taxes Online

As online tax filing programs have become more user-friendly, filing tax returns online has increased in popularity. According to the IRS, 91% of tax returns were filed online for Tax Year 2015, up from 84% in 2013 and 86% in 2014.

The availability of affordable, easy-to-use tax filing software is a significant reason why many file online instead of using an accountant, but e-filing has other benefits, too. Below are four benefits to consider filing your taxes online.

1. Helps Prevent Losing Important Information

Web-based tax filing programs let you save information, so you can complete your return in multiple sessions if necessary. In addition to being convenient, this feature helps prevent the loss of crucial information due to misplaced or damaged tax documents. If your dog eats your W2 form, and you’ve already saved the information in the program, it’s smooth sailing.

2. Can Work on Taxes With Mobile IT Devices

If you e-file, you can work on your return while on the go, using your favorite mobile device.

If you’re waiting for a delayed flight or have a couple of hours to kill while a garage repairs your vehicle, that’s time you could use for tax preparation. Using a mobile device to do tax work on the go can help you complete your return sooner, and turn your focus to finances for the year ahead.

3. Faster Turnaround Time for Tax Returns

According to a report from NerdWallet, you can receive your tax return “in as little in 10 days if you file online and deposit your refund electronically.” On average, the return is deposited about two days sooner than it would take a refund check to arrive in the mail.

Waiting a couple days longer to get your return in the mail sounds like a minor inconvenience. However, if you have a debt to pay or an investment to make with your refund, those are days to save on interest accruing on the debt or earning interest on the investment.

4. Discount Using TurboTax Through Us

There are lots of online programs for filing tax returns, but TurboTax has long been one of the best thanks to its user-friendly features and excellent accuracy. What’s more, you can get a $15 discount on TurboTax Federal products when you use the program through the Credit Union. If you choose TurboTax, you can start for free today.

Interested in Filing 2016 Taxes Online?

If so, American Eagle Credit Union can help. Whether you take advantage of our TurboTax incentive or sit down with your accountant to do things the traditional way, you can direct your refund directly to or pay what you may owe directly from your credit union account.

For more information about our products and services, give us a call today at 800-325-9905, or send us an email through our contact form. We look forward to assisting you in tax season!

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