New features will allow expanded access to electronic filing and help people looking for faster refunds.IRS Commissioner Doug Shulman encouraged taxpayers to explore e-file this year as the best option to file accurate tax returns and get fast refunds during the current economic downturn. The e-file program also includes new improvements to the Free File program that will allow nearly all taxpayers to e-file for free.
A variety of tax software products are available commercially that offer e-file. This year, several of them will not charge additional fees for e-filing for the first time.
In addition, most taxpayers qualify for free tax preparation offered through Free File on IRS.gov. Regardless of income level, taxpayers who are comfortable with filling out paper tax forms and who don't need extra assistance can use the IRS's new Free File Fillable Forms. These new online versions of paper tax forms that can be e-filed are available for the first time by visiting the IRS.gov Free File site.Posted by Min Young Choi, Associate Editor, Wealth Strategies Journal.

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