The new year is here — and that means tax season is upon us.
Technically, the tax filing deadline isn’t until April, but that doesn’t mean you should wait. Filing your taxes early has a number of benefits that can help make the tax preparation process easier and less stressful.
We’re scheduling appointments now and we’ll be getting down to business within a matter of weeks. We always recommend scheduling your tax prep appointments sooner than later. Waiting until the final days before the deadline might give you an adrenaline rush, but it can also leave you with a serious headache if you discover something is missing or the numbers don’t quite add up.
Here are just a few of the benefits to filing your taxes early:
1. Avoid the Rush
The period leading up to the tax filing deadline is a busy and stressful time. Most people are rushing to gather all of their necessary documents and complete their returns. By filing early, you can avoid the last-minute rush and have more time to focus on other important tasks.
2. Get Your Refund Faster
If you are expecting a tax refund, filing early can help you get your money sooner. The IRS generally processes returns in the order in which they are received, so the earlier you file, the sooner you may receive your refund.
3. Time to Spot Errors or Missing Information
Filing your taxes early gives you (and us!) more time to review your return and ensure that all of the information is accurate and complete. This can help avoid mistakes that could lead to delays or issues with your return.
4. More Time to Pay Any Owed Taxes
If you owe taxes, filing early gives you more time to come up with a plan to pay the amount due. This can help you avoid the added stress and potential penalties of paying at the last minute.
In addition to these benefits, working with JRJ and filing your taxes early can also give you peace of mind knowing that your return has been taken care of and you don’t have to worry about it as the deadline approaches.