By now, you have already given some thought to when you are planning to file your 2020 taxes. If you are expecting a refund, you may have already researched how you intend to receive those funds. However in 2021, the IRS and tax experts are strongly encouraging everyone to file electronically and choose direct deposit.
Let’s face it, most of us are already thinking about the 2021 tax-filing season and are focused on receiving our 2020 tax refunds in a timely fashion. The IRS declared that February 12 is the first day to file your 2020 tax return, but that does not mean you cannot prepare in advance to assure the speedy receipt of your refund.
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2021 is finally here! Not only does that mean we can leave 2020 in the dust, it also means it's time to get your tax return together, because it's almost tax season!
If you're due a tax refund, here's how early you can file your 2020 tax return
2020 was an unprecedented year in a variety of ways. And with many families put under financial pressure due to the impact of the COVID-19 pandemic, it makes sense that plenty of people want to file their 2020 taxes as soon as possible and receive their tax refund.