Tax season can bring anxiety and financial uncertainty. By getting a head-start on tax preparation, you can seize more control over the outcome. Here are some advantages:
- Last minute returns require last minute decisions. The more time you and your preparer have, the more options can be explored and executed.
- If you have a refund due, filing early puts that cash in your hands sooner.
- If you owe on your taxes, you’ll have more time to plan how and when to make that payment.
- Tax strategies, such as funding an SEP or IRA, can be more easily planned for and implemented.
So get a jump on your taxes and put yourself in the drivers seat!