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Updated by LocusTax on Nov 14, 2018
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Five Reasons Why You Should File Your Taxes Early

Still not convinced why you should file your taxes early? Here are five reasons why it’s better to get it done months before April:


You’re Less Likely to Fall Victim to Tax Return Identity Theft

Filing your taxes early keeps you on the safer side from being victimized by people who file other people’s taxes by accessing their Social Security Number. It matters, especially if you’re anticipating a tax return. You’d want to get your money before the thieves do.


You Can Plan Out How You’ll Pay Your Balance

Many people underpay their taxes and as a result, they have to pay the IRS the outstanding balance in the next tax filing season. Filing your taxes early puts you at an advantage because you have extra time to look into how much you need to pay, and given you have more time, you’ll also be able to include the balance in your budgeting so you’ll be ready to pay when the April deadline comes.


You’ll Receive Tax Refunds Faster

If you file your taxes early, and if you do so online, you can get your tax returns faster. What’s more, there’s no paperwork if you do it electronically. You can even have the money directly deposited to your bank account.


You Can Relax

It goes without saying that filing your taxes early feels so good. You can breathe a sigh of relief and relax, knowing that you’ve done your financial obligations and responsibilities as a citizen of the country. If you know you have upcoming events and plans in April, better file your taxes early so you won’t have to worry about it anymore.


You’ll Have an Essential Document

Planning to apply for financial aid to support your education? Thinking of getting a new house? A completed tax return is often used by lenders as an indicator of your income.

These are only some of the many reasons why you should file your taxes early. If you still haven’t found your e-filing partner, visit to learn more.