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.
Commute to work on the T, Commuter Rail or Turnpike? You may be eligible for a Massachusetts Commuter Deduction on your tax return! posted on Jul 16
The Commuter Deduction was enacted by the Legislature to cover specific commuter expenses. To help understand the deduction, the Department of Revenue’s DOR University has released an e-learning module explaining what qualifies for a deduction, real-life examples and how you can claim your commuter deduction …Continue Reading Commute to work on the T, Commuter Rail or Turnpike? You may be eligible for a Massachusetts Commuter Deduction on your tax return!
DOR Offers FREE E-Learning Course on Fraternal Organization Tax Responsibilities posted on Jul 9
Help get the word out! The Department of Revenue’s online DOR University has recently developed a new free e-learning course on the tax responsibilities of fraternal organizations. Fraternal organizations are considered a type of Chapter 180 Corporation, which are formed for charitable or other purposes. …Continue Reading DOR Offers FREE E-Learning Course on Fraternal Organization Tax Responsibilities
New Boat Owners: Don’t Get Landlocked This July 4th Weekend! posted on Jun 25
This is traditionally one of the busiest periods of the summer at DOR offices as new boat owners come in to pay sales taxes on their boats or other recreational vehicles, so they can enjoy the holiday weekend on the water. So, want to …Continue Reading New Boat Owners: Don’t Get Landlocked This July 4th Weekend!