Tax season is still a few months away, but it doesn’t mean you should put off filing your tax returns. While the deadline for filing is on April 15th, the IRS will start processing returns at the end of January, so preparing now gives you the chance to jump to the front of the line. Below are just a few reasons to get your tax returns in early.

3 Reasons to Start Preparing Your Taxes Now

1. Get the Attention You Deserve

As soon as people start getting their W-2s after the end of the year, most tax preparation offices go crazy as clients submit their paperwork. During the busiest time of the year, swamped professionals might not have the time to give you the guidance you need and walk you through preparing your returns. In fact, some might not even be able to accept new clients once tax season begins.

2. Get Your Refund Faster

If you’re expecting a refund, the sooner you file, the sooner you’ll get your money back. Many people rely on their tax refunds to make major purchases, pay for vacations, or to start saving, so you’ll probably want it sooner than later. On the other hand, if you owe taxes, filing early will give you time before the deadline to get your finances in order, so you can avoid penalties and late fees.

3. Avoid Fraud

Tax fraud is distressingly common, with the IRS paying out billions in fraudulent returns every year. Waiting until the filing deadline gives unscrupulous scam artists more time to file a tax return in your name, so getting it in as soon as possible can also prevent identity theft.

As one of Jordan, MN’s most experienced tax professionals, Cheryl Hawkins Tax and Accounting has served clients from all walks of life for over 20 years. She offers a broad array of tax services and proudly takes the time to give every client the attention they deserve. Visit her online to see how she can eliminate the stress of tax season, follow her Facebook for more news and updates, and call (952) 222-8272 to get started on your tax returns today.