Thursday, February 16, 2012

Online tax filing popularity continues to grow


Filling out your state and federal income tax returns online has gotten more popular each year, because it's an easier and more efficient process, according to an information officer with the West Virginia Tax Department.
"We try to encourage people to file online," said Danny Forinash. "It's not only easier on our end, but it's easier on taxpayers."
If you make less than $34,000, you are eligible to file your state and federal taxes for free online through the state Tax Department's website.
The website www.wvtax.gov also serves as a guide to find a local tax professional nearby that can help prepare your returns.
Forinash said entering your information on the Internet provides for a quicker return and also cuts down on paper.
"A big selling point for many taxpayers to use online filing is they get their refund more quickly - it's a difference of about three to four weeks," he said.
Another advantage of the online service is that it can highlight deductions taxpayers are eligible for.
"A lot of times when people do their taxes online, using something like Turbo Tax, it will catch some kind of benefit that you don't see on paper - the programs are very intelligent. It will suggest you qualify for this, and you can enter your information to see," Forinash said.
More than 112 million income tax returns were e-filed last year, or 77 percent, according to the IRS website.
The fastest way to get a refund is by e-filing and using direct deposit, the website says. Taxpayers can get their money automatically in as few as 10 days. Last year, more than 79 million refunds were electronically deposited into taxpayers' accounts.
This year the deadline to file has been extended by two days until April 17.
Forinash said people who have additional questions or need more help can contact taxpayer services at the state tax department.
"The tax department offers consultation services with offices throughout the state. People can call in if they have questions or come in and visit us," he said. "We're happy to help."
Reach Kate White at kate.white@wvgazette.com or 304-348-1723.

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