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Income 
For most of the people, income tax preparation is a stressful task, but it is not if you choose to do your taxes online using free tax software program. Just follow the step-by-step instructions and supply the tax related information asked by the software and your task is done!
It's not surprising that the
majority of taxpayers now filing their taxes on their own to the
IRS using free e-file preparation software programs. Compare to
paper filing taxes, preparing online income tax 
For the purpose of preparing taxes
and electronically filing your return for free, there are IRS Free
File websites you can use. The IRS has teamed up with many software
companies with a view to make tax preparation free or low-cost. You
can use Free File program provided by the IRS if your adjusted gross 
Once you've prepared your income tax filing online, you can submit e-file easily to the IRS. The benefit of e-filing tax return is that your information is instantly sent to the IRS in an electronic format. Moreover, the IRS service center does not have to re-type your file if it is in electronic format and this may increase the chances of processing your return file faster. You can get your refunds faster within as few as 10 days by getting your refund directly deposited into your bank account.
(via eHow)
How to e-file your taxes
online? It's as easy as 1-2-3 !
Step 1 - Get all your tax information together! -
You'll save time and won't have to stop in the middle of preparing
your current year tax return to find a missing document. Here's
what you'll need :
Step 2 - Choose the method of e-filing that works for you:
Step 3 - e-file
it!
Paid Preparer - If using a Tax Preparer, be sure
to take all your information with you, and don't forget to ask for
IRS e-file! Use our locator
service to find an Authorized IRS e-file Provider
nearest you.
Personal Computer - Those filing taxes
online, just answer the simple questions in your tax
preparation software, and the software will do the rest for you.
For faster refunds, or to pay when YOU want to, have your bank
account number handy.
Find an option that best fits your needs. It's easy…
Relax. You're done. Now SHARE - tell a family member or friend IRS e-file is the smart way to electronically file their federal and state income tax returns!
(via IRS)
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