Is there any benefit to pay the taxes early?

Ofcourse, you’ll have more time to retrieve missing documents and information if you start early. If you've consulted a professional tax preparer, he/she will also have plenty of time to do your work properly. If you want to file taxes closer to April 15th, the busier your tax preparers get.

There are several reasons why you should file income tax returns early. Some of them are:

1. You can get plenty of time to collect financial information and papers


2. You can avoid a tax extension


3. You can also avoid tax return identity theft. This is the most important reason.

You will get the tax refund faster.

By filing early, you can also do it yourself and save the money for hiring a professional.