Is it better to file taxes online or in person?

Answered by Phillip Nicastro

When it comes to filing taxes, there are two main options – filing online or filing in person. Both methods have their advantages and disadvantages, so it’s important to consider your personal circumstances and preferences before making a decision.

Filing taxes online has become increasingly popular in recent years due to its convenience and efficiency. There are several online tax preparation software programs available that make the process relatively simple and straightforward. These programs guide you through each step of the filing process, prompting you to enter the necessary information and calculations. They also typically offer error-checking features to help minimize mistakes.

One of the biggest advantages of filing taxes online is the speed at which you can complete the process. With the use of electronic filing, you can receive your refund much faster compared to filing a paper return. This is especially beneficial for those who are in need of their refund promptly. Additionally, online filing allows you to access and review your previous year’s returns easily, making it convenient for future reference or when applying for loans or mortgages.

Cost is another factor to consider. While the IRS provides free online filing options for individuals with lower incomes, those with more complex tax situations may need to use paid software or hire a professional preparer. The cost of online tax preparation software varies depending on the provider and level of service you choose.

On the other hand, filing taxes in person with the help of a professional preparer can have its own set of advantages. Preparers, such as certified public accountants (CPAs) or enrolled agents, have expertise in tax laws and regulations. They can help ensure that your return is accurate and maximize your deductions and credits. This can be particularly beneficial if you have a complex tax situation, such as owning a business, multiple sources of income, or investments.

Working with a preparer also provides the opportunity for more personalized advice and guidance. They can answer any questions you may have, offer tax planning strategies for the future, and help you navigate any potential issues or audits. For some individuals, having the peace of mind that comes with professional assistance is worth the additional cost.

It’s important to note that the cost of hiring a preparer can vary widely depending on their credentials, the complexity of your return, and your geographic location. It’s a good idea to shop around and compare fees before making a decision.

Whether it’s better to file taxes online or in person depends on your personal circumstances, preferences, and the complexity of your tax situation. Filing online can be fast, convenient, and cost-effective for individuals with relatively simple returns, while working with a professional preparer can provide personalized advice and guidance for those with more complex tax situations. Ultimately, the choice is yours and should be based on what will best meet your needs.