The federal Internal Revenue Service recently released data on e-filing which shows that the percentage of personal income tax returns filed electronically has more than doubled in ten years.
The IRS reported an e-file rate of 30.73 percent (40.244 million returns) in 2001 and an e-file rate of 69.76 percent ((98.74 million returns) in 2010.
The numbers parallel those reported for Massachusetts state income tax filers.
In 2001, DOR reported an e-file rate of 29.38 percent (929,951 returns) and an e-file rate of 71.31 percent (2.418 million returns) in 2010.
The convenience of e-filing and the public's increasing comfort with using technology have driven these rates of increase. Needless to day, e-filing speeds the processing of most tax returns and allows for a quicker turnaround on processing refunds. During last year's filing season, it was not unusual to receive a refund on an e-filed state income tax return in three business days.
DOR's home-grown electronic WebFile for Income program has expanded from 95,135 returns filed in tax year 2009 to 110,312 returns filed last year. This free program, complete with online instructions, is a safe and secure way to file income tax returns, and to save them from year to year. DOR will soon post the new tax year 2010 version of WebFile for Income.
All this electronic filing is saving time, and trees. The paper tax form is headed for obsolescence.
MA Filing Extension to April 18th Announced posted on Apr 15
The Department of Revenue’s WebFile tool, which allows individuals to electronically file state personal income tax returns, has experienced delays due to heavy volume over the past few days. DOR is actively working to resolve this issue, and has extended the deadline for taxpayers to …Continue Reading MA Filing Extension to April 18th Announced
WARNING: Tax Lien Notices NOT issued by DOR Making the Rounds posted on Mar 13
Here’s another unfortunate addition to the list of financial things to protect yourself from. DOR has learned that letters of questionable origin are being sent to taxpayers with outstanding tax liens. Although these notices show amounts from actual tax liens, they are not from the Massachusetts …Continue Reading WARNING: Tax Lien Notices NOT issued by DOR Making the Rounds
Don’t Let a Hacker Steal YOUR Refund posted on Mar 11
There are some rabbit holes you definitely don’t want to fall down during tax season. One such hole, and an increasingly-common nightmarish scenario, is finding out your tax refund has been stolen. In a recent article, Allison Martin of Money Talk News was the bearer …Continue Reading Don’t Let a Hacker Steal YOUR Refund