Tax Season Starts Today. Here's Why You Should File as Early as Possible

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If you're expecting a refund, here's why the IRS says you should file as early as possible.

The quickest way to get a refund is to file online as early as possible and request direct deposit. The agency says that it processes returns on a first-come, first-served basis.Mistakes made by filers when claiming the Recovery Rebate Credit for missing stimulus money have led to delays with 2020 refunds. The IRS anticipates those mistakes will persist when taxpayers claim any missing 2021 stimulus payments, as well as with claiming the child tax credit.

Any mistakes made when filing your return will slow down the arrival of your refund, because IRS staffers need to manually review them. With so many people qualifying for stimulus checks, the enhanced child tax credit, unemployment insurance and other things that complicate returns, there could be many more returns than usual that agents need to look over.

 

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