You’ll get your money as soon as possible.
This one may seem obvious. The sooner your file for a refund, the sooner you’ll get it back. The closer you wait until Tax Day, the busier the IRS is, and the longer it’s going to take to get your money back.
You can prevent your return from being stolen.
Criminals would love to have your tax return, so filing quickly will give them less opportunity to commit fraud and steal your money.
You’ll be less stressed.
If you find out your taxes are going to be more difficult than past years, you may find yourself scrounging around for paperwork and the process may take a lot longer than you planned. By filing early, this date shouldn’t be a source of stress for you.
You’ll have more time if you have to pay.
Hopefully you’re looking at a refund this year, but if not, you’ll have to be paid in full by tax due date. If this is the case, you’ll give yourself more time to pay by filing early. Think about that if you know you owe money this year.
Tax pros are less busy.
Not only is the IRS less busy at the beginning of the year, but tax professionals are as well. Keep this in mind if you’re not filing on your own. For those of you who file online, this won’t be a big deal, but if you need a pro to help sort you out, you’ll be glad you made an early appointment.
First Financial members get discounts on TurboTax products – get started today!
Article Source: John Pettit for CUInsight.com