Each tax season, many taxpayers wait until the deadline to file their returns. Although putting off this unpleasant task is tempting, there are great reasons to file your income taxes early rather than scrambling to complete them at the last minute. The tax professionals at Master Finance, located in San Marcos, TX, explain the benefits of filing your income taxes early.

Why You Should Complete Your Income Taxes Early

1. Receive Your Refund Faster

One of the best reasons to file taxes early is that your refund arrives quicker than if you wait to file. You can get your money faster if you file your taxes online and choose to receive your refund via direct deposit. Paper returns can take several weeks longer to arrive.

2. Prevent Tax Return Identity Theft

With the rise of identity theft related to tax returns, filing your taxes early can protect your refund. If identity thieves use your personal information to file a fraudulent tax return, they can reroute your tax refund to themselves, and it could take months to sort out the issue with the IRS. File your taxes as soon as possible to protect yourself from scammers.

3. Eliminate Tax Deadline Stress

Tax season can be an incredibly hectic time of year. Instead of waiting until the April deadline to organize your documents and complete the forms, set a deadline to have your taxes completed well before the IRS deadline. Completing your taxes earlier gives you an opportunity to take your time and check for errors before you file them.

The experienced team at Master Finance provides tax preparation and planning services to help maximize the refund you receive from the IRS. Give them a call at (512) 392-6102 to speak with a tax expert. You can also visit them online for more information about their loan company.