Six Reasons to File Your Taxes Early
Posted by Marie on February 17, 2009
Sure it’s only February, but there are so many reason to get your taxes done early.
- Searching and Fumbling. You know you’re going to be searching for at least a couple of receipts. Those credit card statements also need to be reviewed to make sure every last deduction is included. It’s better to start early and find those gaps ahead of time.
- Avoid penalties. Who can afford to give away extra money these days?
- Additional adjustments. After you calculate your taxes, is there something you can do to save even more? Perhaps making an extra retirement account deposit will bring down your tax liability?
- Unexpected delays. Do you really want to worry about your computer, printer, or even your car breaking down on April 15?
- Incorrect information. The earlier you catch discrepancies in the various forms you receive (W-2s, 1099s), the easier it will be to get a correction from the other party.
- Refund! The earlier you file, the earlier you’ll receive any money that is coming back.
