Tax dept. encouraging e-filing for quicker refunds - NBC12 - WWBT - Richmond, VA News On Your Side

Tax dept. encouraging e-filing for quicker refunds

By Aaron Gilchrist - bio | email

Posted by Colby Rogers

RICHMOND, VA (WWBT) - As part of a money-saving effort, the Va. Dept. of Taxation is giving preference to electronically filed tax returns this year.

A tax department spokesman says the state will hire fewer seasonal employees to handle paper tax returns, which are about twice as expensive as electronic returns to process.

Last year, 79 percent of paper returns were processed within 12 days says Va. Dept. of Taxation spokesman Joel Davison. He says to expect the wait time to at least double.

"Like all state agencies, like tax departments around the country, there are fewer budget dollars now to work with," Davison said.

Tax officials estimate the department will save about $75,000 this year by encouraging tax payers to file their returns online.

Davison says online filing is easier and quicker for the taxpayer.

"There's less opportunity that your return is going to be delayed because of an error," Davison said.  "These tax programs do the calculations for you. So if there's a math error, someone has to stop and figure that out."

The tax department also suggests taxpayers have their refunds directly deposited into their bank accounts to help speed up the process even more.

The Va. Dept. of Taxation has information on electronically filing federal and state taxes on its website.

Those interested can find a link to it at NBC12.com under "All Access."

(c) 2009. WWBT, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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