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Online income tax preparation provides a safe, easy way to file your taxes. According to the IRS.gov official website, electronic filing (e-file) has been an accepted way to file by the Internal Revenue Service (IRS) since 1986. Some accountants have been using this method to file for their clients for more than two decades. Between the IRS and many innovative tax services, online tax filing has now been streamlined to accommodate the needs of individuals and businesses. Let's take a look at five major benefits of filing your taxes online. 1. Saves Time and Money for Everyone Involved Online income tax preparation saves time and money for you, the online tax service, and the federal and state government. You'll save time because you can fill in your information using an online form or through e-file software without hand writing all your information. Even if you opt for paid assistance with your online tax filing, you won't have to visit a physical accounting office to achieve this task. You can save money by paying less for online services, or you might be able to take advantage of free e-file services available through the IRS via many online tax services. You can also receive your refund much faster by filing electronically....usually within a couple of weeks if there are no complications. You can opt for direct deposit of your tax refund into your bank account for faster payment. Filing electronically saves time and money for the IRS because there's less paperwork when taxpayers use this method. Tax preparers also save by providing online services. They can work primarily through e-mail, thus, reducing in-office appointments. Some accountants only offer services through the Web, so they don't have the typical overhead expenses of operating a physical office. 2. File Your Income Taxes from the Comfort of Your Own Home Another benefit of online tax filing is you can file your returns directly from your home computer. This provides a great convenience if you have a busy schedule or usually work long hours. You can fill in your tax information through e-file forms any time, day or night, without missing a day of work or wasting a Saturday just to prepare your tax returns. Whether you use e-file software, an online free e-file service or opt for other paid tax services, you'll be able to take care of all your filing needs from home or the office. 3. Reduce Errors when Filing Your Own Taxes We can all make mistakes - even on important tax forms! Online income tax preparation can reduce errors because paid or free e-file forms will calculate your mathematical totals for you. Online e-file forms will catch other errors as well and prompt you to correct them before moving