6. Don’t be too eager to submit your filing
Some people may choose to file their tax return well before the deadline, whether it’s because they like to get things off their to-do list or have a very busy schedule. However, financial experts say that this kind of hurry isn’t always a good thing. According to them, this is one case where being a little too early may actually end up costing you in the end.
In fact, accountants usually recommend not filing as soon as the tax season opens. That’s because the IRS may be pending a new ruling or you may receive a tax reporting document late. So, it’s best to wait a few weeks into tax season to submit.
You may also want to read You Can Save $10K NOW With These Climate Tax Breaks.
