The deadline to file your 2016 taxes is on April 18, 2017. That may feel like a long time from now, but the time to file is now. According to the IRS, 20-25% of Americans wait until right before the deadline to prepare their documents and file. By then, they may be looking at extensions, or worse expensive penalties.
Here are five reasons to get started on your taxes today:
- By the end of February most financial institutions have mailed out their respective tax documents. Gathering all your documents and getting organized now will help you figure out what if anything you need is missing.
- If you plan on preparing your own tax return, getting started early will help you get organized and reduce the stress of the process as well as potential mistakes on your return.
- Tax preparation professionals will