With tax season already in full swing, all types of tax questions arise. For example: Is it bad to file your taxes early? Keep reading to discover the answer, plus other useful tips to navigate the tax season.
Is It Bad To File Your Taxes Early?
Most people associate being early with being efficient. After all, the early bird gets the worm, as the old saying goes, right? In most cases, yes. However, when it comes to taxes, there are a few things you need to keep in mind.
No doubt, there are many good reasons to file your taxes as soon as you can. Filing early means that the IRS will process your return sooner, allowing you to access your tax refund faster and giving you more time if, for example, you need to file an amended return
What you should avoid, though, is filing early just for the sake of filing early. File as early as you can, but don’t sacrifice accuracy just to file as soon as tax season begins. Take your time and file only when you have all the documents you need and feel confident that your return is free of errors.
If you file your taxes early but with erroneous or incomplete information, it may end up taking longer to process your return, defeating the purpose of filing early in the first place.
What You Need to Know
Federal tax season 2023 began on January 23. The deadline to file your federal taxes this year is April 18, 2023, although victims of the storms that hit California, Alabama, and Georgia have been granted an extended May 15 deadline to file federal individual and business tax returns and make tax payments.
If you need help filing an accurate and timely tax return, contact our experts at Delgado’s Insurance. We’ll be happy to assist you every step of the process, answering all your questions, and making sure that your return is filed as early and accurately as possible.
For more information about tax season 2023, including more details about the extended tax deadline for victims of the California storms, check out our previous blog “Remember: Tax Season 2023 Beings January 23.”
Delgado’s: Taxes Made Easy
At Delgado’s Insurance, we have made it our mission to simplify tax filing while making sure that you stay compliant with all relevant laws and regulations.
We have locations in Riverside, California, and Bloomington, California. Contact us today by telephone (951-361-0084, 909-421-9003), email (firstname.lastname@example.org), or through our social media accounts (Facebook, Twitter).