Officials: Filing Taxes Electronically Can Help Eliminate Mistak - WBOY - Clarksburg, Morgantown: News, Sports, Weather

Officials: Filing Taxes Electronically Can Help Eliminate Mistakes, Save Money

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When you drive past Liberty Tax Service you may see someone dressed up as the Statue of Liberty. These people are promoting services you'll need this tax season.

Many people are already be ahead of the game and have their taxes filed and deposited into their account. But others are waiting until the very last second.

"There's no reason to wait. 75 percent of tax payers received a tax refund last year," said Lisa Greene-Lewis, CPA TurboTax. "The average refund was $2,700."

Tax preparation software, like TurboTax, was designed to make filing your taxes a lot easier.

Representatives said they even help us make fewer mistakes.

"We do all of the calculations for you and our program is related to tax laws that have already passed," Greene-Lewis said. "We are always up to date on the tax laws."

But mistakes are still possible and one slip up could cost you a pretty penny.

"The worst thing usually is having to pay back. It could be several thousand dollars to pay back," said Lisa Gallagher, Liberty Tax Service Manager.

Some of the most common mistakes made are math miscalculations, misspelled words, and evening claiming people you shouldn't.

"If the IRS finds out and decides that you shouldn't have claimed those children, there are a lot of penalties. You have to pay back all of the credit plus penalties and interest. A lot of those are very costly mistakes," Gallagher said.

Turbo Tax representatives said a recent report from the IRS shows more and more people are choosing to file their taxes themselves.

As of Feb. 7, the IRS received 27.3 million returns, up 2.5 percent compared to the same time last year.

Electronically filed returns account for almost 96 percent of those filed so far this year.

The report stated:

Taxpayers, either through tax preparers or from their home computers, have e-filed more than 26 million returns so far this year, up almost 4 percent compared to the same time last year.

As of Feb. 7, taxpayers have filed more than 13 million returns from home computers, an increase of 14.7 percent compared to the same period last year.

Refunds are up for 2014, with almost 19.5 million issued this year, an increase of more than 18 percent compared to the same time last year. The average refund as of Feb. 7 is $3,317, up 4.6 percent compared to the same time last year.

April 15 is the last day to file your taxes and representatives said it's important to get them done sooner, rather than later.

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