Life moves fast, and so should you when it comes to filing your tax return. April 15 may seem miles away but it’s not too early to start getting your 2018 financial affairs in order.
At PCS Debt Relief, we believe in being proactive with the things that matter most to you, including your finances. Here are the top 4 reasons why today is the day to file your taxes:
1. Prevent Identity Fraud
According to numbers from LifeLock, 16.7 million Americans were victims of identity theft in 2017. Collectively, more than $16 billion was stolen from these individuals. Stats from the Federal Trade add that 34% of identity theft schemes are employment or tax-related. Tax fraud occurs when a victim’s social security number or personal data is used by another person to file a tax return. The tax refund then ends up in the hands of the fraudster and victims fail to receive what is owed to them!
The lesson here is twofold: One, always keep your personal data private and two, file your taxes early because an identity thief can’t file under your name if you already have.
2. You’ll Have More Time to Prepare and Less Stress
Another bonus of filing your taxes early is having more time to ensure your inputting all your 2018 tax information correctly, especially if you’re doing it on your own. Taxes aren’t fun, but nothing is worse than being halted during the process because there was an error you missed. And having more time will allow you to make sure you’re claiming all the deductions that you qualify for, possibly resulting in a higher tax refund.
Additionally, you’ll be able to dodge the stress of waiting until the last minute. No need to file for an extension, which can result in financial penalties and high interest rates. You’ll also have time to prepare to pay off any balance you might owe to the IRS since you won’t actually have to part with the money until April 15.
3. Get More Time with Tax Preparers
If you’re not filing your taxes yourself and are being aided by a tax professional, choosing to file early will help you get the attention you need. If you wait until March or early April, tax professionals may not have enough time to put you on their schedules and you may be stuck filing an extension. Often times, tax preparers will charge higher fees to clients who wait until the last few weeks of tax season to file.
4. Get Your Refund ASAP
Who doesn’t want to get money faster? Whether you file your taxes via email or snail mail, sending them in early means you’ll get your refund that much sooner.
At PCS, our programs are tailored to the client’s specific financial needs. What sets us apart from our competitors is that clients see relief, before any payment is received. Our NO UP-FRONT FEE policy ensures our client’s a 100% satisfaction guarantee. We also do not charge any monthly fees or any cancellation fees. We want the client to feel comfortable during the whole process that’s why we allow them to be part of it every step of the way.
Latest posts by PCS Debt Relief (see all)
- Dealing with Business Debts, One Step at a Time - July 22, 2019
- Being Mindful Instead of Having a Mind Full: Money Mindfulness Tips - July 8, 2019
- Don’t Fall for Fraud: Tips to Avoid Credit Card Theft - June 24, 2019