How Technology has Changed the Tax Dynamic

The phrase “file your taxes” is quickly becoming obsolete. Technology is becoming the driving force behind the yearly process that once required calculators, pens, and a guide book. The sale of stamps is even down during tax season (a funny thing since tax return envelopes do not require stamps).

Chances are, nearly all of the US readers of this blog have e-filed taxes before. The convenience is clear, but it also represents other advantages:

• Accuracy – most mistakes on tax returns happens through manual calculations rather than through e-filing.
• Speed – no question about it – e-filing is much faster than by hand.
• Easter Eggs – with the tax code becoming increasingly complex, e-filing helps people find deductions and write-offs that they normally would never have known about.
• Last-Minute Filers – waiting in line at the post office on tax-deadline-day sucks.

Are you e-filing this year? This graphic for TurboTax shows the rise of e-filing. How are you filing your taxes this year?

Created by Infographics Design for Turbotax. Story by Facebook Marketing.