It is tax time and I’ve been seeing many recommendations from tax experts that you don’t want to wait to file your taxes for 2024. Here’s why: tax identity theft remains a huge problem and the sooner you file the better chance you can block thieves from using your Social Security number to file a fraudulent return. Whether you’re filing early because you’re eager for a refund or want to protect yourself from identity theft, you’ll still need a complete and accurate return to avoid delays. You should always double-check key details like your name, Social Security number, banking information and other filing data. With thousands of IRS layoffs this week, some experts worry the cuts could impact taxpayer service. But your refund shouldn’t be affected if you file an accurate return electronically and select direct deposit for payment. Typically, you can expect the IRS to process your e-filed return within 21 days.
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