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Take Your Tax Time

Slow down! Don’t be in such a hurry to file your tax return. Sure, you know you’re getting a refund, and you want your money as soon as possible. Understandable. But take it from US News and World Report: Filing early may cause you more time and stress in the end. Waiting to file allows time for straggling bits of financial info to arrive (that broker’s statement you forgot about) and also may keep you from having to file an amended return if a corrected statement shows up later. In addition, if you’re doing your own taxes, waiting to file will give you time to give your work a second look. That way, you can make sure you didn’t miss anything and/or you may catch mistakes you didn’t notice the first time around.

Posted: 3/10/08