3. How you file your taxes can have a great impact

Anyone who has searched for ways to file their tax returns knows there are plenty of options. From pared-back free services to premium software, most taxpayers can find the way that works best for them and their budget. But if you’re looking to avoid any lags or mishaps, there’s only one way you should always file your tax returns.

According to financial experts, the best way to do that is to e-file if possible. It may be surprising, but the IRS is still behind on paper returns from the coronavirus pandemic, and it can take up to two years to process them. In other words, if you would like to receive your refund as soon as possible, e-filing is the way to go.

The same is true when it comes to payments from or coming back to the government. While the chances for a paper check to get lost in the mail are pretty high, an electronic deposit and a tax payment are trackable and reliable.

The bottom line here? Always opt for the electronic option when it comes to taxes and money.