Millions Filing Tax Returns Online

By: Sabrina Wu
By: Sabrina Wu

Millions of people are now doing their taxes online. Accountants and the IRS say that electronic filing cuts down on paperwork and gives people faster results.

"Instead of mailing a return and hoping it is received, we as an e-filer receive acknowledgment that a return was received," said H & R Block franchiser Bob Smith.

"You can get your refund earlier," said IRS employee Wendy Garrett, "when you have a direct deposit to a savings account."

Garrett says filing online also reduces the risk of refunds getting lost in the mail.