6 Reasons it Pays to File Your Taxes Early

6 Reasons it Pays to File Your Taxes Early

As the saying goes, “the early bird gets the worm.” Or is it the tax refund?

Well, whether you file early or are a tax procrastinator, you still may get a tax refund, but here are six reasons it pays to file early.

1. Get your tax refund ASAP: Last tax season, close to 72% of filers received a tax refund and the average direct deposit tax refund was close to $3,000. That’s a lot of money! You could pay down credit card debt, student loans, or save it for a rainy day.
2. Filing online is easy: Using our service is easy, accurate and saves you money. Once you have gathered your tax information, you can schedule an online appointment, answer simple questions about yourself, and get your maximum tax refund. We search over 350 tax deductions and credits and make sure you get everyone you deserve based on your answers. There’s no reason to stand in line at a tax store when you can do your taxes from the comfort of your own home.
3. Spend less on debt: If you’ve been struggling to pay off that holiday debt, filing early may certainly offer some relief since the IRS expects to issue nine out of 10 tax refunds within 21 days from accepting your tax return if you e-file with direct deposit. Receiving your tax refund earlier can help you pay down your debt and save about 2 months’ worth of additional interest.
4. Avoid missing valuable tax benefits: People who wait until the last minute to do their taxes tend to rush and may leave out information. One of the most common mistakes tax procrastinators make in a rush is including incorrect social security numbers for themselves, spouses, or dependents. Incorrect social security numbers can cause you to miss valuable tax credits and deductions.
5. You may get a bigger tax refund than expected: Your everyday life or life changes can lead to some nice tax deductions and credits that can save money on your taxes. Life changes, such as getting married, having a baby, starting your own business, or starting a new job can lead to some huge tax savings that may get you a bigger tax refund.
6. More time and money to do what you like: Imagine what it would be like to have more free time since you not only saved time filing online with us, but you also have some more money in your pocket to enjoy months in advance of the tax filing deadline. You could get ahead on some bills, put some money away for retirement, and enjoy the additional free time with your family.

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