Now that Tax Day has been moved to July 15th as a response to the coronavirus, you may be tempted to put off doing your taxes. But if you’re due a refund, there’s no reason to wait. Even the Treasury Secretary has said, “I encourage all taxpayers who may have tax refunds to file now to get your money”. ezTaxReturn.com is fully operational and ready to give you a fast, easy and safe filing experience. And you can do it all from the comfort of your own home. Here are some good reasons to do your taxes right now.
Get your refund sooner
Money – and paychecks – are tight right now. So chances are you may not just want your refund, you may need it. Filing early means you’ll get your money as fast as possible. Then you can use the cash to catch up on bills, build your emergency fund or use your extra cash for long awaited fun.
Give yourself extra time to pay if you owe money
Although over 111 million refunds were issued in 2019, you aren’t guaranteed to get one. Changes in the tax law or your financial situation may lead to an unexpected tax bill. Imagine learning you owe a balance due at the last minute. If you don’t have enough money to cover the payment by Tax Day, you begin accumulating penalties and interest. Spare yourself the last minute stress and frustration. Get a jump start on your return as soon as possible. So, if you end up owing money, at least you’ll have time to save for the payment.
Minimize stress and filing mistakes
Not everyone thrives under pressure, some people panic and fold instead. Tax time is stressful enough and waiting until the last minute to file only makes it worse. When you’re in a rush, you’re more likely to make careless mistakes like misspelling a name or reversing the numbers for an account. This can cause your return to be rejected or wrong, and delay your refund. There’s also a possibility of misplacing big money-saving receipts and not having time to find them. Using tax software like ezTaxReturn.com can help the filing process go smoothly, but you still need to enter the correct information to get accurate results. Give yourself more than enough time to file and get it right on your first try.
Reduce the risk of someone stealing your refund
Identity theft is a problem year-round, but it’s even more prevalent at tax time. Crooks are notorious for stealing personal information and using it to file a fraudulent return. They’re so slick that you may not even realize there’s an issue until you try to do your taxes and your return is rejected. The best way to avoid becoming a victim is to file your return before a fraudster uses your name to file a return. Once your return has been accepted, there’s nothing they can do except move on to their next victim.