Why Pay Taxes Early

24 OF PAYING YOUR ADVANTAGES TAXES EARLY REFUND W-2 1. Get Your Return Sooner When filing early, typically there is a shorter wait period between filing and receiving your tax return. $3000 Most refunds come within 21 days of filing The average tax return is $3,000 or 6-7% of your income 2. More Time To Pay Up By filing early, you give yourself time to set aside money for paying taxes owed. W-2 27% of Americans wait until the last two weeks of tax season to file 3. Less Mistakes By filing early you give yourself more time to account for all applicable deductions. jan feb mar apr REFUND Only 59% of Americans file their taxes early If you are using an accountant, they will have more time for you if you file before the deadline. (4 weeks before) Gives you a time safety net. If you realize you made a mistake you can make amendments before April. 4. Financial Information If you are expecting a big life change preparing your tax return early can help you obtain that essential information. APPROVED For example, in order to secure a home loan you need to provide a transcript of your tax return to your lender. TurboTax Personal Pro. Sources: http://www.financialsamurai.com/the-average-tax-refund-size/ http://www.mainstreet.com/article/when-americans-really-file-their-taxes http://money.usnews.com/money/blogs/my-money/2012/02/02/5-reasons-to-file-your-taxes-early http://www.kmvt.com/news/latest/Filing-Your-Taxes-Early-Can-Pay-Off-In-The-End-290687171.html Disclaimer: The above information is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on your taxes, your investments, the law or any other business and professional matters that affect you and/or your business.