Tips on How to Get an Early Start on Your Taxes – The Military Wallet
Filing your tax returns as early as possible has several advantages. If you are getting a refund, then the sooner you file, the earlier you should receive your refund.
E-filing as early as possible also minimizes the window that criminals have to steal your identity and file a tax return in your name. The IRS will only accept one tax return through e-filing as the original return.
If you have concerns about tax-related identity theft, consider getting an Identity Protection PIN (IP PIN) from the IRS to make it more difficult.
A third advantage is based on what is, for some of us, our natural behavior. When we procrastinate some, it becomes a whole lot easier to procrastinate some more.
I know taxpayers who consistently file a year or two late for the sole reason that they just don’t get around to it. It even happens when taxpayers expect a refund.
Be organized
Have a system for collecting the information and documents used to file your tax return. This may include both electronic…
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