5 Benefits Of Filing Your Taxes Early вђ Stride Blog 1. get your refund sooner. if you expect to get a tax refund this year and want to receive it as quickly as possible, file electronically and choose to receive the money via direct deposit. taxpayers who e file typically get their refund within 21 days of it being processed; the sooner you submit, the sooner you’ll get your money back. 2. The penalty for not filing a return (4.5 percent) is nearly ten times more expensive than not paying your taxes (0.5 percent)! if you cannot pay all the taxes you owe by the tax filing deadline deadline, it is better to file your return on time and pay what you can. 2. you’ll miss out on a potential refund. most tax filers get a refund on.
5 Benefits Of Filing Your Tax Return Early Here are six tips to help you avoid filing taxes late. 1. mark your calendar. the deadline to file your 2023 tax return is april 15, 2024. add it to your calendars now and set those reminders. pro tip: if you’re filing online, you have until midnight on april 15. if you are filing by hand, your paperwork must be postmarked by april 15. The deadline to file your personal taxes in canada for 2023 is april 30, 2024. for self employed individuals, the filing deadline is june 17, 2024 (but all taxes owed are still due by april 30). if you tend to procrastinate each year, there are many reasons you’ll want to file your taxes sooner than later. in this blog, you’ll learn:. 1. beat the scammers. filing your tax return as soon as possible is one of the best ways to guard against tax related identity theft. in these scenarios, a criminal files a fraudulent return and collects a refund in your name before you file your return. if you file your legitimate return before a crook tries to file one for you, the. Here are six reasons to get your act together early this tax season.. 1. early filers avoid processing delays. the irs had a dumpster fire on its hands during the 2023 tax season. at the end of may, the agency still had 2.4 million unprocessed paper tax returns. 2.
5 Benefits Of Filing Your Tax Return Early 1. beat the scammers. filing your tax return as soon as possible is one of the best ways to guard against tax related identity theft. in these scenarios, a criminal files a fraudulent return and collects a refund in your name before you file your return. if you file your legitimate return before a crook tries to file one for you, the. Here are six reasons to get your act together early this tax season.. 1. early filers avoid processing delays. the irs had a dumpster fire on its hands during the 2023 tax season. at the end of may, the agency still had 2.4 million unprocessed paper tax returns. 2. Filing an extension for a given year could postpone the date on which you could file for bankruptcy to have that year’s taxes discharged. 3. allowing for delays in processing. the irs is known. Faster tax refunds. one of the most common reasons to file taxes early is to receive a faster tax refund. filing your return electronically with direct deposit into your bank account is the fastest way to get your refund. it can take up to several weeks longer for paper returns, so it is always better to e file a return if you want to receive.
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