Sunday, January 24, 2010

8:59 PM


Many residents are starting to receive their W2's this year and getting a jump start on the tax filing process can be beneficial.

Filing your taxes early can mean a faster refund. Even with the economy improving many people are really looking forward to getting that extra cash.

January kicked off the start of the tax season and many people are trying to get their taxes done early because of a few changes in the West Virginia tax law.

The biggest change being the higher refund return rate.

Many residents start the filing process as soon as they receive their NW. That sometimes means finding the first place open, like Liberty Tax Service.

Some tax services even have promotional deals if you file early. Liberty offers $50 cash up front when you file early.

But the main reason to file early is the fast refund return.

When coming to file your tax return it is important that you bring all the necessary paperwork.

There are many new credit options this year and checking to see if you qualify can up your return.

Also for those unemployed, the first $2400 of unemployment earnings will be tax free.

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