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Dec. 30, 2013 – TaxTalk Blog
It’s that time of year when television and radio advertisements promise quick tax refunds if you bring in your year-end pay stub. Although you might be tempted to file your tax return early to get a refund faster, keep in mind that filing with a pay stub will more likely bring complications than quick cash. Here are three reasons why:
All employers are required to make W-2s available by the end of January, and most employees get it before then. That’s a modest wait. Also, information on the W-2 is well organized, accurate, easy to find, and best of all – will help ensure your tax return is filed correctly the first time.
So, in the mean time, mute those advertisements and wait for your W-2 to arrive in January. Besides, since the IRS does not officially start taking tax returns until Jan. 31, using your paystub would not do you any good anyways.
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