E-file – the secure and accurate electronic filing method to file tax returns established by the IRS some 25 years ago that is now utilized by as many as 99 million taxpayers – officially opened for business on Jan 14.
Each year, more and more taxpayers are choosing to e-file their tax returns. In the past decade, the number of individual tax returns filed electronically has increased by a whopping 145%. In fact, by 2005, the more than half of all U.S. taxpayers were e-filing; by 2010, this increased to 70%.
Having your first child is an exciting time in your life and I’d like to congratulate you on the birth of your newborn. Along with the rest of the changes this new responsibility brings there are also many parts of the tax code that will impact you financially.
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More and more people are e-filing every year. In fact, U.S. taxpayers electronically filed more than 95 million returns, that’s about two out of three of all individual federal returns filed last year.