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

Tax season kicks off each year when the IRS begins accepting tax returns at the end of January. But a little-known open secret that I've learned as a tax editor is that the early weeks of tax season are also when taxpayers can expect the best deals for filing their taxes online. When the calendar shifts to late February and early March, popular services like TurboTax, H&R Block, TaxSlayer and TaxAct tend to raise prices for federal and state returns. The costs of tax pro services that either provide tax return reviews or allow you to hand over your forms to a tax expert who will file your taxes for you may also increase. As we move closer to the April 15 federal tax filing deadline, expect prices to increase further as taxpayers rush to get their taxes done. Waiting until the last minute to file your taxes can be costly, especially if you plan to itemize expenses or have complicated tax situations like freelance, rental or investment income or earned money cryptocurrency sales. Just ... Read full article.