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A Tax Editor's Advice: File Your Taxes Now or Risk Paying More Later


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Published in Business and Finance on by CNET   Print publication without navigation

Waiting until the last minute to file taxes can be costly, especially for freelancers and filers looking to itemize expenses.

The article from CNET discusses the urgency of filing taxes early to avoid potential penalties and higher costs. It highlights that waiting until the last minute can lead to mistakes, overlooked deductions, and credits, and might result in owing more money or receiving a smaller refund. The piece advises that filing early allows for better organization, the possibility of paying estimated taxes in installments, and the opportunity to seek professional help if needed. It also mentions the benefits of electronic filing for quicker refunds and the importance of being aware of new tax laws or changes that could affect one's tax situation. The author, a tax editor, emphasizes that procrastination can lead to stress, errors, and financial penalties, urging readers to file their taxes as soon as possible.

Read the Full CNET Article at:
[ https://www.cnet.com/personal-finance/taxes/a-tax-editors-advice-file-your-taxes-now-or-risk-paying-more-later/ ]

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