It’s already February and the deadline for filing your taxes is creeping up fast. If you wait too long, the eve of April 15th will spring upon you, putting you in a mad rush to get everything filed.
Rather than waiting for a tax crisis to hit you in mid-April, you’ll be better off taking the situation into your own hands. Here are 6 excellent reasons for filing your taxes early, which I know will help motivate even the biggest procrastinators.
Get rid of that feeling of dread
Maybe you’re putting off your taxes because you don’t want to deal with the stress. Even though you’re avoiding your taxes in order to reduce stress, as the deadline approaches there’s a feeling of dread eating away at the pit of your stomach.
By waiting till the last minute, you’re letting that horrible feeling fester away. You’re only going to stress yourself out more in the end because you’ll have to hurry everything up. However, when you file your taxes early, your dread will be replaced by a feeling of self-satisfaction, and you’ll be able to focus on the happier things in life.
Avoid the tax-filing rush
April is a busy month for accountants. Their offices are swamped with tax filings for all the procrastinators.
If you file your taxes in April, and you expect it to be done quickly and to receive your refund fast, it’s kind of like going to a busy restaurant on a Friday night, without a reservation, and expecting to be seated right away. Not only will your tax professional be too busy to push things through in a hurry, the IRS will be even busier processing all the last-minute taxes.
On the other hand, if you file your taxes several months early, your tax preparer will be more available to file for you, and you’ll receive your refund sooner.
Get a bigger refund, and get it sooner
If you file early, you’ll be able to focus on getting the biggest possible refund. You’ll be much less likely to make the mistakes that could cost you thousands of dollars, or result in a dreaded tax audit.
Once you get your fat refund, you can pay off debt faster, and use the extra cash on the things most important to you.
Avoid potential tax fraud
Tax fraud is one of the biggest forms of identity theft, and the best way to guard against it is by filing your taxes early. Tax fraud works this way: someone gets a hold of your personal information and files a fraudulent tax return. They claim a refund, and when you get around to filing your real tax return, the IRS informs that they’ve already processed a tax refund for you.
Oh, the hassle and paperwork! It can take months and even years to dispute a case of identity theft. When you file your taxes early, you beat the identity thieves to the punch. That way, when they try to file a fraudulent return, you’ve already got your refund and it’ll be much easier to deal with.
So tackle your taxes head on, and go see a tax professional today! When April 15th finally comes along, your taxes will be but a distant memory.