Tax Season is Here: Why You Should File ASAP
Hi Hive,
Why Filing Early is a Win
Some people wait until the last minute, either out of procrastination or just pure dread, but here’s why you shouldn’t:
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Faster Refunds – If you file early (and electronically with direct deposit), the IRS typically processes refunds within 21 days. Waiting until April? You might be stuck in the flood of last-minute filers.
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Avoid Delays – Mistakes happen, and if there’s an issue with your return, catching it early gives you time to fix it without stressing about deadlines.
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Fraud Prevention – Tax fraud is real. Filing early reduces the chances of someone else trying to claim your refund or file under your name.
When Can You Expect Your Refund?
If you’re one of the lucky ones getting money back, here’s what you need to know:
- The IRS officially started accepting returns in late January.
- Most people who file electronically and choose direct deposit should see their refund in less than three weeks—sometimes even sooner.
- If you’re claiming the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC), expect delays. The IRS holds these refunds until at least mid-February to prevent fraud.
- Paper filers… listen, just don’t. It can take six weeks or longer to get your money.
What If You Owe?
If you’re not getting a refund, that’s even more reason to file early. You don’t want any surprises in April. Plus, if you do owe, you can at least set up a payment plan instead of scrambling last minute.
Bottom Line
Filing your taxes might not be fun, but getting that refund? That’s the best part. Don’t wait until the last second—get it done now, avoid the stress, and secure your bag.
Have you already filed? Are you getting a refund or bracing for the bill? Let’s talk about it!
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