When is the earliest date for tax filing?
Although the precise start of tax filing season changes from year to year, it typically occurs around the middle to end of January. To determine the precise day when the filing season for the next year begins, visit the IRS website.
Even though you may legally file a return on the opening day of the tax filing season, keep in mind that additional circumstances can make this timing more complicated.
For instance, firms must provide Form W-2 and Form 1099 to workers and contractors by January 31. You might not be able to submit a return in the first few days of tax season if your employer delays until the last minute to provide this crucial paperwork or other sorts of evidence.
Now, why is good for you to prepare early for the tax season?
1. You will avoid stress
One of the main reasons why you should prepare early for the tax season is to avoid stress because we all know how bad it can be if we’re rushed into doing something and the deadline for it is knocking at the door!
To avoid unnecessary stress, start your filing early, if possible, right after the deadline is announced.
