More people are e-filing their taxes this year, accounting for about 91% of the returns filed so far with the Internal Revenue Service, the tax body said this week.
The IRS has received 82 million tax returns through e-file, up 1.8% from last year. It projects to end the year with more e-filings than ever at a little more than 125 million. The IRS expects paper filings to be down 7% this year.
In a release, the IRS calls e-filing the “safest, fastest, and easiest way” to submit individual tax returns. Consumers are likely opting to e-file as they continue to gain more access to computers and smartphones, and become more comfortable with the security of online platforms, says Daniel Eubanks, assistant director of online tax filing platform TaxSlayer.
SOURCE: Hadley Malcolm