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E*Trade Launches Online Tax Center

E*TRADE Group Inc. Friday will launch a new tax center allowing both its customers and site visitors to electronically prepare and file federal and state income tax returns online.

Users will be able to access Thomson's OneTax.com, where both federal and state tax forms can be filed together for $9.95. Electronic returns have the advantage of being more accurate and allowing for faster refunds.

"E*TRADE's Tax Center creates an even more compelling reason for individuals to come to our Web site for all of their financial needs," said Jerry Gramaglia, senior vice president of marketing for E*TRADE.

"E*TRADE has developed a community of tech-savvy members who feel comfortable using the Internet to meet their investing needs and are prime candidates for online tax preparation and filing," said Ray Kingman, president of Thomson Investors Network.