E-filing of taxes refers to the process of submitting tax returns electronically using online software or services. This method allows taxpayers to fill out their tax forms digitally and send them directly to the Internal Revenue Service (IRS) or relevant tax authority. E-filing is often faster and more efficient than traditional paper filing, reducing the chances of errors and speeding up the processing time.
Many taxpayers choose e-filing because it offers various benefits, such as immediate confirmation of receipt and the ability to track the status of their return online. Additionally, e-filing can simplify the process by automatically calculating taxes owed or refunds due, making it easier for individuals to manage their finances during tax season.