File Your Taxes Early

March 11, 2016
by Berry & Moro CPAs

Five Reasons to File Your Taxes Early

  1. It can cut down on your odds of tax identity theft. The sooner you file the return, the less time someone has to make a fraudulent return in your name.
  2. Get your money earlier. Most refunds are issued in about 21 days, therefore, the sooner you file the sooner you will get your refund.
  3. You will have more time to get a payment together. If instead of getting a refund you owe taxes, you will have more time to ensure you are ready to pay your tax bill and avoid paying interest and penalties.
  4. It can help with financial aid. If you have children heading out to college you will need information on your tax return to fill out financial aid applications.
  5. Your return may be more complex than you thought. You never know when your tax return may end up being more complicated than you thought.