For some people, it’s that dreaded time of the year, tax time. When it comes to your taxes, there are several reasons why you may want to consider filing them earlier rather than later. While tax season can be miserable for some, it is also a time that is exciting for others that are anticipating a large return. Mark Dicus & Company is here to talk about some of the reasons you may want to consider getting that return in earlier than you have in the past.
Should I File Taxes Early or Wait?
When it comes to your taxes, it is always a good idea to get them in as soon as you can. Following is a list of reasons why this makes the most sense.
– Faster Tax Refund: Who doesn’t like getting money from the government? If you are slated to get a return this year, the sooner you get your taxes filed, the sooner you are going to get that return. To make the process even a little quicker, make sure the IRS has your bank information so that the money can be deposited directly into your account.
– Time to Pay Taxes: If you find that you owe money at tax time, you will have that much more time to pay your balance. This could be the difference in over three months to pay it back by next year. You will find more time and more options for payments.
– Tax Breaks: You want to take advantage of any tax breaks that are available to you. If you are scrambling to get your taxes filed, there is a greater chance that you could miss something that will leave you missing out on certain tax breaks.
– Protect Your Information: There are many identity thieves out there that would love to file a false return using your information. The sooner you get your taxes filed, the less likely it will be that this happens to you. They can’t use information about people who have already gotten their filed.
– Financial Benefits: Your tax refund can help you out financially to pay off debts. If you’re paying off debt sooner, it can help you avoid interest you would pay otherwise.
– Reconcile Tax Relief Fund Issues: If you were the recipient of tax relief this past year, you will get letters in the mail that you need to keep for your records. If there is a problem there, you will have more time to reconcile it and prevent delays with your return.
Tax Preparers, Bookkeepers, Accountants & More in Summerlin, North LV, Henderson, Lone Mountain Village & Greater Las Vegas, Nevada
If you need help getting your tax return ready to file, you can turn to Mark Dicus & Company to help you get your taxes prepared. We have the experience and expertise needed to ensure you’re taking full advantage of any tax breaks that you’re eligible for. Call us today!