Why you should file your taxes early (especially) this year - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

Why you should file your taxes early (especially) this year

(flickr) (flickr)
CINCINNATI, OH (FOX19) -

It’s only January, but there are some very important reasons to file your taxes early this year.

This year, experts say we will likely see a boom in tax fraud, thanks to the Equifax hack, and thieves making off with the social security numbers of more than 145 million Americans.

In just the first five months of 2017, more than 100,000 people learned that someone had filed a phony return using their social security number in order to steal the refund.

Here’s what happens next: the IRS then rejects the real return and investigates.

And that means any refund you should be getting could be delayed for months. You also then have a real mess to clean up, thanks to the identity theft.

Filing early also helps you get your refund faster since you’ll beat millions of other taxpayers to the punch. And if you owe the IRS, it helps to have some time to figure out a strategy for paying off that tax bill.

The Simply Money point: Your best move is to get organized now, and get those taxes filed early. The IRS starts accepting returns Jan. 29.?

And remember -- most Americans qualify for the “Free File” program through the IRS, too.

Copyright 2018 WXIX. All rights reserved.

  • FOX19 HeadlinesMore>>

  • Microsoft uncovers more Russian attacks ahead of midterms

    Microsoft uncovers more Russian attacks ahead of midterms

    Tuesday, August 21 2018 12:25 AM EDT2018-08-21 04:25:35 GMT
    Tuesday, August 21 2018 7:55 AM EDT2018-08-21 11:55:04 GMT
    (AP Photo/Altaf Qadri, File). FILE - In this Nov. 7, 2017, file photo, a man is silhouetted as he walks in front of Microsoft logo at an event in New Delhi, India. Microsoft says it’s uncovered new Russian hacking attempts targeting U.S. political grou...(AP Photo/Altaf Qadri, File). FILE - In this Nov. 7, 2017, file photo, a man is silhouetted as he walks in front of Microsoft logo at an event in New Delhi, India. Microsoft says it’s uncovered new Russian hacking attempts targeting U.S. political grou...

    The hacking attempts mirror similar Russian attacks ahead of the 2016 election, which U.S. intelligence officials have said were focused on helping to elect Republican Donald Trump to the presidency by hurting his Democratic opponent, Hillary Clinton.

    Full Story >

    The hacking attempts mirror similar Russian attacks ahead of the 2016 election, which U.S. intelligence officials have said were focused on helping to elect Republican Donald Trump to the presidency by hurting his Democratic opponent, Hillary Clinton.

    Full Story >
  • Poll shows support for charter schools, vouchers is growing

    Poll shows support for charter schools, vouchers is growing

    Tuesday, August 21 2018 12:15 AM EDT2018-08-21 04:15:13 GMT
    Tuesday, August 21 2018 7:54 AM EDT2018-08-21 11:54:14 GMT
    (AP Photo/Carolyn Kaster, File). FILE - In this June 5, 2018, file photo, Education Secretary Betsy DeVos testifies during hearing on the FY19 budget on Capitol Hill in Washington. Support for charter schools and private school voucher programs has gon...(AP Photo/Carolyn Kaster, File). FILE - In this June 5, 2018, file photo, Education Secretary Betsy DeVos testifies during hearing on the FY19 budget on Capitol Hill in Washington. Support for charter schools and private school voucher programs has gon...

    Meanwhile, Americans seem to be more satisfied with their local police and the post office than with their neighborhood school.

    Full Story >

    Meanwhile, Americans seem to be more satisfied with their local police and the post office than with their neighborhood school.

    Full Story >
  • Shayna Hubers retrial: For every text her boyfriend sent, she fired off 100

    Shayna Hubers retrial: For every text her boyfriend sent, she fired off 100

    Tuesday, August 21 2018 7:52 AM EDT2018-08-21 11:52:11 GMT
    Shayna Hubers listens during testimony in her murder retrial in Campbell County Court last week. (Photo: FOX19 NOW/Mike Schell)Shayna Hubers listens during testimony in her murder retrial in Campbell County Court last week. (Photo: FOX19 NOW/Mike Schell)

    Day six of the Shayna Hubers retrial will get underway Tuesday in Campbell County. 

    Full Story >

    Day six of the Shayna Hubers retrial will get underway Tuesday in Campbell County. 

    Full Story >
Powered by Frankly