Take Care of Your Personal Tax Files by the End of the Year
Many people suffer from procrastination. They put off cleaning the house or organizing a trip or getting that term paper done in school. However, there’s one thing that we should never procrastinate with, and that’s filing your federal income tax returns! A lot of things in history have happened in the month of April, but one thing has stayed constant, tax month. It can be very beneficial for you to file your personal taxes as soon as possible before the deadline. Tax preparation services are present to help people who don’t have time, or simply don’t know how to file their own tax returns. At E & Y Insurance Agency, we make it our mission to provide our clients with not only a wide range of insurance products, but also professional tax preparation!
Let’s take a look at why you would want to file your taxes early…
Get faster refunds on your personal taxes
One of the more popular reasons why you would want to file your taxes early is to get a quicker return. Nobody wants to wait months and months for their own money to return to them, and we all know the government wants their money now, while we have to wait to get any money back. Making sure to file your personal taxes early will ensure that your money gets back to you quicker than if you waited until the deadline, or you were late filing.
Extra time to pay owed personal taxes
If you already owe a balance to the IRS, filing your taxes early will allow you more time to make payments. For example, if you owe the IRS, and you have already filed your taxes in January or February, you won’t have to pay the tax you owe until April. Filing your taxes early with a tax preparation firm will allow you time to arrange your payments.
Extra time to gather financial information for your personal taxes
Life changes happen. Whether you are buying a house or preparing to attend college, preparing your personal tax returns early will allow you to gather important financial information. Commonly, college students use information from their tax returns for financial aid, and homeowners have to show their household income.
It is always a good idea to file your taxes before the deadline. If you are in need of tax preparation for your personal taxes, then our tax preparation firm is here for you!
For all of your insurance and tax preparation needs, E & Y Insurance Agency is here to help! Call us at 248-671-6860 or fill out our contact form to find out how you can find the best tax preparation service for your business.
