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IRS Electronic Filing

The tax season is up ahead and starting from February 12, 2021, you will be able to file and send tax returns to the Internal Revenue Service. The IRS electronic filing is perhaps the best option to file taxes because you file your return a lot faster and can send it to the IRS immediately.

It takes about a week to ten days less for the IRS to process electronically filed tax returns over mailed in returns. This is because mailed in returns take time to reach the IRS whereas the electronically filed returns can be seen by the IRS workers almost instantly. This saves the IRS and the taxpayer time.

It’s highly encouraged by the IRS that you e-file your tax return. Unless any of the tax forms you use to file your return isn’t available on e-file, you should e-file. The tax forms such as 2021 Form 4852 cannot be filed electronically so a paper return must be filed and mailed to the Internal Revenue Service.

Free File Options

A large portion of taxpayers qualifies for filing taxes electronically for free. Most tax preparation services allow taxpayers with income less than $72,000 to file a federal income tax return for free. Here is a list of the tax preparation services (e-file providers) that allow taxpayers to file taxes for free.

  • 1040Now
  • FileYourTaxes
  • Free1040TaxReturn
  • FreeTaxUSA
  • Online Taxes
  • TaxAct
  • TaxSlayer
  • TurboTax
  • ezTaxReturn

Each of the above tax preparation services has its own requirements for income, what can be claimed on the tax return, the age of the taxpayer, and whether or not it offers state income tax returns. You can view the offers of these tax preparation services at the IRS Free File.

When can I file taxes 2021?

The Internal Revenue Service recently announced the first day the agency is going to accept tax returns. Although it was expected that the IRS will launch the tax season early due to COVID-19, the quite opposite came out. The IRS will start accepting tax returns starting on February 12.

This is the earliest day you can file taxes but you can always prepare your tax return in advance if you have the tax forms and other documents you need to file your tax return with and file it with the IRS on February 12. It’s best to prepare your tax return prior to the tax season starting as this will give you leverage in getting your refund a lot sooner.

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