Benefits of filing income taxes early
A new year means tax season is right around the corner and it is never too early to start looking at your return information.
Getting your finances in order for your taxes early can have multiple benefits. Early filers often have larger refunds and receive their money quicker.
It is also easier to protect yourself from identity theft if you file early. Knowing early if you owe or what paperwork you need can give you more time to prepare. Jason Gass with Strojny and Strojny Financial Services said, “Don’t stick your head in the sand. It’s good to find out where you’re at and you may be getting a refund. We’ve had people come in and wait until the end of the year or do an extension thinking they owe and then they get a refund and they’re excited about it. So, it’s best to come on in and go ahead and get them done.”
This year’s income tax deadline is April 15th and the IRS will begin accepting file returns starting January 29th.