How to file taxes online

You have two options when it comes to filing your taxes. You can pay an accountant to file your taxes for you or do your taxes on your own and send them through the mail or through electronic software.

If paying an accountant isn't a viable option financially, here is a step-by-step guide on how to file your taxes.

The first step is to get all of your paperwork together. You need to file a W- 2 form from all the employers you had in the last year to file. You will need to gather any 1099 forms that you have. These forms are issued for work done independently, according to NewsCore.

When filing you'll need personal information and information about dependents, if applicable.

You will need to look at the types of deductions for which you qualify, according to H&R Block. This includes if you have money, have donated money, have medical or child care expenses, educational expenses, classroom expenses, retirement savings, etc. The IRS website has different information about each person's situation, so make sure to check it out and submit all the necessary information.

Once you have everything together, you can start filing. Although it is not the most popular method, you can still fill out your forms the old-fashioned way and send them through the mail to the IRS. The more effective way to file electronically is the most common and effective way to file. There are so many reasons why filing your taxes electronically is a better option, according to Motley Fool.

There is no chance that your forms will be lost in the mail if you file electronically. The process will be quicker if you are filing electronically, which means you will get a tax refund sooner.

There is a bit more accuracy with electronic filing. If you misspell your name or mistaking a digit of your Social Security number, you will know and be able to resubmit. If you file through the mail, you won't know that you made a mistake until the IRS takes a look at your forms, so there could be a delay in your filing and refund. If there is an error in your taxes, it could take more than 120 days to get your tax refund processed, according to the IRS.

One of the most popular types of software used to file taxes electronically is TurboTax. The service may not be free depending on how complicated your tax situation is, according to the website.

You can file your taxes for free through TurboTax if you have a simple tax return. If your tax return is more complicated, you won't be able to use the free version and have to pay a fee for the service, depending on complexity of your tax situation.

There is a way to file taxes online by using the IRS Free FileIRS Free File tool on the IRS website. If you have an adjusted gross income of $73,000 or less, you are eligible to use this tool, according to the IRS.

No matter how you file, if you have any questions or get stuck along the way, you will be able to find an answer on the IRS website.