Tax season is underway – don’t delay
We Say
Before you know it, the deadline for filing taxes will be upon us. It can get here quicker than you realize, especially when you’re wrapped up in everything else going on in life, but it’s important not to forget. Don’t wait until the last minute to get the ball rolling and sort everything you need to get your taxes prepared in a timely and accurate manner.
Go ahead and get those returns filed, and you will have a bit of worry lifted knowing it’s already finished.
Itcanbestressfultrying to figure out tax filing. Should you do it yourself, or hire a pro? Can you claim an exemption for this or that? What about side income? There is so much paperwork, and it can be easy to get lost in the official jargon.
Have all the information you need before you file a tax return to avoid extensive processing and refund delays as well as avoid the possibility of needing to file an amended tax return.
Carefully review your tax situation to make sure you don’t overlook important tax credits you might be eligible for.
Take advantage of free services like the Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs, or MilTax for those in the military.
File early to get your return processed quicker and your refund back sooner, as well as to get ahead of potential fraudsters.
Plan to file electronically with direct deposit. The IRS notes this is still the fastest and easiest way to file and receive a refund. To avoid delays in processing, people should avoid filing paper returns whenever possible.
Beware of tax scams. Make sure any request for information comes through official channels.
Remember that most income is taxable, including unemployment income, interest received, or money earned from “side hustles” and digital assets.
Visit IRS.gov first for questions. IRS.gov has much of the same information that IRS phone assistants have.
If you need extra help, you might find what you need at a Taxpayer Assistance Center. Visit https://apps.irs.gov/ app/office-locator/ to find out more or schedule an appointment.
