January 30, 2025
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PERSONAL FINANCE TAX TIMES

Get Ahead of Tax Season: Beat the Rush and File Your Taxes Now!

Get Ahead of Tax Season: Beat the Rush and File Your Taxes Now!

It’s that time of year again as the Internal Revenue Service (IRS) has officially launched e-file open for the 2025 tax season, ready to accept and process your tax returns for the previous year. We all know how some taxpayers tend to put off filing until the last minute, but why delay when there are so many benefits to filing early?

  1. Get your tax refund sooner:
    Consider the impact that a tax refund can have on your financial situation. According to IRS data, about 64% of tax filers received a refund last year, averaging close to $3,000. Filing your taxes early can expedite the process of receiving your refund within 21 days or less if you file electronically with direct deposit, without any issues. Turbotax offers options to get your refund up to 5 days earlier in your bank account for a fee or for free with a Credit Karma Money™ checking account.
  2. You may be eligible to file your federal and state taxes for $0:
    TurboTax provides the only free DIY federal and state filing option for any tax complexity. Whether you are new to TurboTax or filing a simple 1040, you can file for free through the TurboTax mobile app. If you qualify with a simple 1040 with standard deductions, Earned Income Tax Credit, Child Tax Credit, and student loan interest, you could potentially file for free.
  3. Filing online is easy:
    Using TurboTax online provides an effortless and accurate tax-filing experience. With Intuit Assist, an AI-powered financial assistant, you can receive real-time accuracy checks, deep explanations of your tax outcome, and a fully translated product, making tax filing hassle-free.
  4. TurboTax Expert can do your taxes for you:
    For those who prefer not to do their own taxes, TurboTax offers a TurboTax Live Full Service option where an AI-powered expert can efficiently handle your taxes in as little as two hours. Additionally, a real-time progress tracker on the TurboTax iOS mobile app allows you to follow your expert’s progress easily.
  5. Time to plan if you owe:
    Filing your tax return early gives you ample time to figure out payment options if you owe money to the IRS. By preparing your taxes ahead of the mid-April deadline, you can strategize on how to pay what you owe and even make contributions to your IRA for additional tax deductions.

Take the first step in maximizing your refund for the year by starting to file your taxes today. Don’t wait until the last minute when you can benefit from the numerous advantages of early filing.

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