When Will I Get my Tax Return?

January 5, 2018

With the start of the new year tax season is right around the corner. Preparing taxes isn’t fun, but the itch for how large the return will be is… oddly exciting. Most of us want to get that money in out pockets sooner rather than later.

Taxes can be filed as early as January 29th this year, once you’ve received your W2 or other tax documentation. But when should you expect to get your tax return back? Let’s look at the timeline you can expect when filing your taxes.

Filing Timeline

Filing taxes in Florida can begin as soon as mid January if you’ve got all of your paperwork in order. For personal taxes filing can be simple if you’ve kept track of your income and deductions over the past year.

Once your taxes are filed you could expect your return within 21 days. This is only a rough estimate though, as some returns with particular credits will not get refunds until the end of February at the earliest. By filing sooner you can expect your return to be in your hands sooner.

Early Bird Gets the Worm

By filing your taxes sooner you can get your return earlier and put it to good use. Filing your taxes before the masses file theirs also gives you a better chance of getting your tax return sonner. This is because the IRS will be working on less tax refunds at the very start of tax season.

If you plan to invest your return, receiving it sooner gives you the benefit of more time to gain interest on it or put it towards the purchase of a home. If you plan to use your return for home improvements, vacations, or other things you may need, filing earlier will get that money to you faster as well! Simply put, the early bird gets the worm.

Working with a Pro

Filing taxes with the help of a professional can also help you get your tax return faster. This is because submitting taxes with errors can greatly increase the amount of time before you get your return, and can even lead to an audit. By working with an experienced Mount Dora personal tax accountant you can minimize your risk of improperly filed taxes and gain peace of mind.

Filing with a professional also typically means you can end up with a larger tax return over all. When your taxes are filed in the best way, it ensures you get as much back as possible. Additionally, Mount Dora, FL tax accountants will know creative ways you can reduce your withholdings to increase your tax return.

Taxes cause stress and anxiety for millions of Americans each year, but by planning ahead and filing sooner rather than later you can put your mind at ease. Work with a tax professional in Florida to file your taxes you can have peace of mind knowing someone with experience has looked them over. If you are ready to start planning for your 2018 taxes give Relate CPA a call today! We’d love to be your Mount Dora, FL tax consultant!