What are the benefits of filing taxes early?

Filing taxes early comes with a number of benefits for taxpayers in Washington. One of the biggest advantages of filing your taxes early is that it allows you to get your refund sooner. If you’re expecting a refund, filing immediately gives you the opportunity to get your money back quickly and put it towards any number of expenses. Another advantage of filing your taxes early is that you may have more time to make any corrections or updates needed. By filing early, you give yourself the time to review your documents more carefully and prevent any costly mistakes from occurring. Additionally, if you owe any taxes, filing early gives you an opportunity to pay them off before the deadline. Furthermore, filing taxes early may help to reduce your risk for identity theft and other fraudulent activities. Oftentimes, thieves will try to commit identity theft by submitting a false return in your name in an effort to collect your refund. However, by filing your return quickly, you can prevent this from happening. Finally, filing your taxes early might also help you to avoid penalties from the IRS. Filing late can result in costly fees and penalties, so by filing your taxes early, you can help prevent this from happening. Overall, filing taxes early comes with numerous advantages for taxpayers. By filing early, you can receive your refund quicker, make any necessary corrections, reduce the risk of identity theft, and avoid penalties from the IRS. Filing taxes early is an important step in protecting yourself and your finances.

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What are the benefits of filing taxes early?

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