The 2020 tax return filing season is officially open! The filing deadline for 2019 tax returns is April 15, 2020.
The IRS says about 20-25% of all Americans wait until the last two weeks before the April 15th deadline to file their tax returns. Only about 10% of last year’s federal tax returns were filed in the first week of tax season.
Filing earlier can be more beneficial than filing later! Here are several reasons why filing earlier can work to your benefit:
If you are due a refund, you will receive your money sooner
Minimizes the risk of refund fraud (where a hacker uses stolen personal data to pocket a refund owed to you)
Less competition for appointments with tax preparers
If you owe money, you will have more time to plan for the payment
Waiting until the last minute may cause you to miss deductions while scrambling to collect your tax information
Start preparing for your tax return filing now and gain the benefits of a less stressful tax season. Contact us today to schedule your appointment!
