Over 40 million people wait until the last minute to file taxes, and many of them don’t do them properly.

When you wait to file taxes, you can face a ton of problems that’ll prevent you from getting the largest return. However, filing taxes early is something that many people overlook, but what is considered early tax filing anyway?

To help you save both time and money, we’ll go over what exactly filing taxes early means and why you should do it.

Read on for all the info you need to know.

What Is Considered Early Tax Filing?

Early tax filing involves paying taxes at any time before they’re due. Because of this, many people end up filing taxes early, which is a good thing.

As soon as you receive your tax documents from your employer, you can start filing taxes early. Some of the most common documents are W-2 and 1099 forms, though you can receive other ones depending on where you work.

When Taxes Are Due

In the United States, taxes are often due on April 15. Yet, in 2022, taxes were due on the 18th because the 15th was a holiday in Washington, D.C. In most cases, this would mean the following day would be the due date, but the 16th and 17th fell on the weekend.

In 2023, taxes are also due on April 18 because the 15th falls on a Saturday, and Washington D.C. employees will be off on the 17th.

Employers must send your tax documents by the end of January, though you may not receive them until early February. Knowing exactly when your taxes are due will help you set aside plenty of time to file them.

The Benefits of Paying Taxes Early

One of the main reasons to file taxes early is to avoid the last-minute stress that comes with waiting until Tax Day. If you wait, you’ll have a harder time finding a good accountant because most of them will be working with several clients at that point.

Aside from that, you may miss certain things in your paperwork that will prevent you from getting a large tax return. For example, you may overlook several deductions and credits that you can qualify for.

Keep in mind that any time you start filing taxes, you should have an accountant help you throughout the entire process. This will not only ensure everything is done properly, but it’ll help you save a ton of time. They can also inform you of the IRS refund status whenever you’d like.

Now You Can Tackle Taxes the Right Way

After reading this article, you no longer need to ask yourself, “What is considered early tax filing?” 

Now that you have this info, we encourage you to start thinking about the strategy you’ll use for next year’s tax season. Keep in mind that filing taxes early is the best way to pay or claim returns.

For more federal income tax advice, have a look at our other articles.

Over 40 million people wait until the last minute to file taxes, and many of them don’t do them properly.

When you wait to file taxes, you can face a ton of problems that’ll prevent you from getting the largest return. However, filing taxes early is something that many people overlook, but what is considered early tax filing anyway?

To help you save both time and money, we’ll go over what exactly filing taxes early means and why you should do it.

Read on for all the info you need to know.

What Is Considered Early Tax Filing?

Early tax filing involves paying taxes at any time before they’re due. Because of this, many people end up filing taxes early, which is a good thing.

As soon as you receive your tax documents from your employer, you can start filing taxes early. Some of the most common documents are W-2 and 1099 forms, though you can receive other ones depending on where you work.

When Taxes Are Due

In the United States, taxes are often due on April 15. Yet, in 2022, taxes were due on the 18th because the 15th was a holiday in Washington, D.C. In most cases, this would mean the following day would be the due date, but the 16th and 17th fell on the weekend.

In 2023, taxes are also due on April 18 because the 15th falls on a Saturday, and Washington D.C. employees will be off on the 17th.

Employers must send your tax documents by the end of January, though you may not receive them until early February. Knowing exactly when your taxes are due will help you set aside plenty of time to file them.

The Benefits of Paying Taxes Early

One of the main reasons to file taxes early is to avoid the last-minute stress that comes with waiting until Tax Day. If you wait, you’ll have a harder time finding a good accountant because most of them will be working with several clients at that point.

Aside from that, you may miss certain things in your paperwork that will prevent you from getting a large tax return. For example, you may overlook several deductions and credits that you can qualify for.

Keep in mind that any time you start filing taxes, you should have an accountant help you throughout the entire process. This will not only ensure everything is done properly, but it’ll help you save a ton of time. They can also inform you of the IRS refund status whenever you’d like.

Now You Can Tackle Taxes the Right Way

After reading this article, you no longer need to ask yourself, “What is considered early tax filing?” 

Now that you have this info, we encourage you to start thinking about the strategy you’ll use for next year’s tax season. Keep in mind that filing taxes early is the best way to pay or claim returns.

For more federal income tax advice, have a look at our other articles.