Tax season starts in January and runs until April every year. While the tax deadline is generally April 15, no one knows when the IRS will open exactly. However, typically the tax season starts in mid to late January.
Many people ask, “When can I start filing taxes?” every year because navigating the tax world on your own is challenging. Get the help you need from trusted accounting services in Lombard, IL, and rest easy knowing you’re getting the largest tax return possible with our help.
When Can I Begin Preparing for the Tax Season?
You can start preparing whenever feels best. Many begin preparing in early January, but remember, you can only file once the IRS opens. However, it may help to have an accountant on your side early, so you can start filing as soon as possible.
The earlier you file, the faster you receive your tax refund. You speed up the process by taking your time and ensuring all the information is correct. Our team can help you through the process and double-check the information.
When Do I Receive a Tax Refund?
Now that you know the answer to “when can I start filing taxes?” Your next question may be, “When do I get my tax refund?”
There are two main ways to file taxes: online and through the mail. Most people prefer online filing because they receive a direct deposit quicker that way. However, filing through the mail is always an option if you want.
According to the IRS, most people receive their refund 21 days after filing. The time frame changes depending on the following:
· How complicated your taxes are
· If you’re on social security and also have a separate income
· What your standard deduction is
· If you made a mistake when filing your taxes
To ensure you receive your refund as quickly as possible, reach out to our team, and we’ll review every line. Fixing mistakes before you file helps quicken the process.
What Slows Down the Tax Filing Process?
If you’re unsure of how to file correctly, you may cause delays. The IRS requires everything to be perfect. Your refund will take longer if one of the following happens:
· Your name, address, or social security number is incorrect
· You’ve chosen to mail your files
· Your taxes are unique, and you’ve got multiple forms of income
· A criminal stole your identity
There are many reasons why it may take longer, but with our professionals, you can streamline the process and make it as easy as possible.
Receive the Help You Need
Now you know the answer to: “When can I start filing taxes?” If you want more information to prepare you for tax season, Learn more about choosing a tax preparation service. Our team at Accounting and Tax Advisors CPAs is here to guide you through the process and relieve the stress of filing by yourself. Contact our team at (630) 932-9600 and get the help you need in Lombard, IL.