In general, filing your taxes is about as enjoyable as updating your resumé, waiting in line at the DMV, or flossing your teeth. Most people don’t jump at the chance to do any of these things. But despite their boring and sometimes stressful nature, all these things still have to get done.
The sooner you file your taxes, the sooner you’ll know how much you’re getting back—or how much you owe the IRS. And since extensions only delay the inevitable, just go ahead and file.
That way, you have more time to plan how you’re going to spend your cash, or how you’re going to save up to pay what you owe.
While a big, fat check from the IRS can feel amazing, the truth is much less thrilling. That’s because you’re not actually getting a pay bump. You’re getting a pay cut for 11 months out of the year. And the IRS is getting a very generous interest-free loan from you in the meantime.
You and your budget deserve better.
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