90 percent of Federal Income Tax Returns Filed Online: IRS

April 11, 2015 10:26 PM

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90 percent of Federal Income Tax Returns Filed Online: IRS

IRS has reported that more than 90 percent of the federal tax returns have been filed online this year. Online tax return filing is much easier compared to paper filing of returns. Procrastinators are facing tough time as the tax filing deadline is approaching fast. Many taxpayers are confused regarding their deductions under Affordable Care Act.

The National Society of Accountants estimated that tax preparers charged an average $261 for an itemized Form 1040 and state tax return filing in 2013. Last week data from IRS suggested that 67 percent of taxpayers had filed their income tax returns. IRS has urged taxpayers to file taxes online and ...

Also read: The Really Rich Got Richer, According to IRS’s Top 400

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