PSA: The Longer You Wait To File Your Taxes Online, The More You'll Pay

Business and FinanceBusiness and Finance

Sun, March 9, 2025

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[ Today @ 07:00 AM ] - CNET

PSA: The Longer You Wait To File Your Taxes Online, The More You'll Pay

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PSA: The Longer You Wait To File Your Taxes Online, The More You'll Pay

^{Published on 2025-03-09 07:00:55 - CNET}

Yes. Filers with simple tax situations (W-2s, education costs and some basic credits) can still for free throughout tax season. Online services like TurboTax, H&R Block, TaxSlayer and TaxAct do not remove free tiers. But be sure to compare free-filing options to see if you qualify for any.

The article from MSN Money, titled "A Tax Editor's Advice: File Your Taxes Now or Risk Paying More Later," emphasizes the importance of filing taxes early in the tax season. It highlights that early filing can help taxpayers avoid the last-minute rush, reduce the risk of tax-related identity theft, and potentially receive refunds faster. The piece advises that waiting could lead to higher costs due to potential changes in tax laws or delays in processing by the IRS. Additionally, it points out that early filers can take advantage of tax software and professional services before they become overwhelmed with demand. The article also includes tips on organizing documents, understanding new tax credits and deductions, and the benefits of electronic filing.

Read the Full CNET Article at:
[ https://www.msn.com/en-us/money/taxes/a-tax-editor-s-advice-file-your-taxes-now-or-risk-paying-more-later/ar-AA1Aop1C ]

N@N

PSA: The Longer You Wait To File Your Taxes Online, The More You'll Pay