Don’t Wait — Get Your Tax Return Done ASAP

Quick Tips - Don’t Wait — Get Your Tax Return Done ASAP

Don’t Wait — Get Your Tax Return Done ASAP

This year, federal tax returns for 2017 must be postmarked by April 17th. Of course, to procrastinators like myself, this seems like an eternity away. However, there are many good reasons to fight off that laziness and get your taxes filed early this time around.

First there’s good news in that it’s becoming increasingly easier to prepare your returns without leaving your house. Moreover many tax filing sites now offer a completely free option, although their stipulations about what types of forms the free offering supports may vary. If your tax situation makes you ineligible for one of the complimentary options, there are plenty of different plans you can try depending on how much support you’ll need along the way. Given the abundance of options, it’s best to start looking now so you don’t end up in a time crunch situation later.

Another great reason to file early is that, the sooner you send in your return, the sooner you can receive your refund if applicable. As for what you should do with that refund, it’s really up to you. That said, I’d personally recommend starting an emergency fund, adding it to an account that pays you interest, or perhaps even dipping your toe into investing. If all of those options sound boring, perhaps your refund is best suited to serve as your travel fund for your next vacation (admittedly, this is likely where ours is going).

On the other side of the coin, there is always the unfortunate possibility that you’ll actually owe money on your taxes. Making matters worse, if you’re doing your taxes at the last minute, you might not have the money on hand to cover this bill. At least if you know that this is coming ahead of time, you’ll hopefully be able to save up.

Finally, there is actually the possibility that someone could steal your identity and claim your tax rebate before you do. This might sound crazy, but it does happen. In fact the IRS has taken steps to prevent the issue and offered advice on how you can take to protect yourself. While it may already be too late to thwart thieves trying to steal your refund, filing as early as possible can still help.

While you’ll still technically have a couple of months before you must file your 2017 tax returns, there are some good reasons not to wait. With that deadline drawing near, now is the time to get organized and get your taxes done. Hey — after you do, you’ll have a whole year to slack off once again.

Author

Kyle Burbank

Kyle is a freelance writer and author whose first book, "The E-Ticket Life" is now available on Amazon. In addition to his weekly "Money at 30" column on Dyer News, he is also the editorial director and a writer for the Disney fan site LaughingPlace.com and the founder of Money@30.com.

Other Articles by Kyle Burbank

What You Need to Know About IKEA's New Credit Card

This week, the famed Swedish furniture manufacturer IKEA debuted their new IKEA Visa card offering. Unlike most store credit cards, IKEA's partnership with Visa means you are able to use this particular card anywhere, allowing you to earn more rewards.

7 Easy-to-Start Side Hustles Ideas You Might Not Have Thought Of 1

Choosing a side hustle isn't always as easy as others make it seem. Between time constraints, skill requirements, and monetary investments, some would-be options just won't cut it for most folks. Check out these 7 under the radar ideas to help you monetize your hobby, make use of spare time, and help you earn a little extra cash.

You Can Now Buy Tires on Amazon and Have Them Installed at Sears

According to Sears spokesperson, the way this new partnership will work is that customers can first select the tires they want from Amazon. Then, as part of the checkout process, users can choose to have the tires shipped to a nearby Sears Auto location and schedule an appointment.

Comments

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *