PSA: Procrastinating on Your Taxes Can Make Filing More Expensive. Here's Why

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 offer tax return reviews or allow you to hand over your forms to a tax expert who will file your taxes on your behalf may also increase. As we approach 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 about every tax service charges you more for these situations. Prices can easily eclipse $100, espec ... Read full article.