If you’re like most people, you’re probably eagerly anticipating your tax refund. Who doesn’t love getting a big check from the IRS? If you need to get your hands on that money as soon as possible, there are several things you can do to file your taxes early and get your refund quickly. Follow these tips to help you out.
Why Should You File Your Taxes Early?
Filing taxes early is like getting a jump on the finish line. Sure, it takes effort and dedication, but you’ll be thrilled you did it when your tax refund shows up in your bank account faster than the fireworks at your 4th of July celebration.
Taking the time to file your taxes earlier can get you that refund much quicker because it puts your documents ahead of the others who file closer to their deadline. You’ll be thanking yourself for doing a proactive job by filing early and having less stress knowing your tax filing is complete.
Gather Your Tax Documents
Gathering your tax documents doesn’t have to be a headache! This task is more accessible than most people think– what you need boils down to what specific tax forms your situation requires. From W-2s and 1099s to Forms 1040, 8949, and whathaveyou, it’s essential to ensure you have all the correct documents to maximize your refund.
Arm yourself with what you need by organizing what documents accompany what income streams, both year ’round and come tax season.
Review Your Tax Forms
It’s crunch time – review your tax forms before submitting them to ensure everything is in order. Nothing puts a damper on getting that quick tax refund than realizing you forgot to add the needed documents.
We all have triple-checked our work, only to have a pesky “you missed this “show up at the last minute! So review those forms ahead of time and rest easy knowing every detail is in its proper place for filing day.
Double Check Your Tax Return
That hesitation you’re feeling in taking one more look? It’ll be worth it when you get that refund quickly. Check and recheck for errors or missed deductions; the extra attention may mean the difference between a speedy payout and waiting for that sweet, sweet money to hit your bank account.
Don’t let the small details get away from you; take the time to make sure everything is accurate so that you can reap those awesome rewards!
File Electronically
File your taxes online to get your refund quickly! File electronically for a simple and secure filing method guaranteed to give you a fast return. Not only will you get your money as soon as possible, but it’s also the most efficient way to complete your taxes.
Moreover, filing online is convenient, so there is no need to schlep out to an accountant or post office. Sit comfortably at your desk and do it in minutes from your laptop or PC, or you can file using your mobile! So don’t put off filing another day.
Choose Your Refund Method
After you have done the hard work of filing your taxes, you will have options to choose from when it comes time to receive your refund.
Depending on your immediate financial needs, you can select a physical check or a direct deposit into your bank account. If you need same-day funds, most banking institutions allow instant transfer when selecting electronic refunds for a small fee, such as $5–$10.
Those who want their hard copy can request a check and receive it within 5–7 business days. No matter which method is best for you, getting your refund earlier can be an easy way to free up some extra cash!
Track Your Refund
Tracking your refund can be an exciting experience, like a fun game of wack-a-mole. What does that have to do with filing your taxes early? File early, and you’re more likely to receive your refund quickly so you can start tracking!
Track Your Refund online for the most up-to-date status of your tax return and where in the system it stands. This way, there’s no need to play phone tag or continuously check with the IRS daily. Tracking your refund online is easy and efficient and will ensure you know when you’re getting that sweet tax return money!
Whether you’re filing for the first time or have an established tax filing routine, early reviewing your documents and filing your taxes is critical to getting your refund quickly. You can save yourself from potential penalties or late return fees while freeing up more of your hard-earned money.
With helpful tips like gathering your tax documents and double-checking your form, the filing process will be more manageable, and you can independently manage your taxes in no time.
Plus, using electronic filing options gives you greater assurance that everything will go smoothly – so don’t be afraid to give it a shot! From there, you’d need to choose how you want to receive your refund and be able to track it accordingly.
So why procrastinate? Get ready to take advantage of those added funds by filing as soon as possible this year!