Tax Refunds

Why is it important to file tax returns early this year?

Filing tax returns early this year is particularly important due to potential IRS staffing changes that could affect processing times. According to personal finance reporter Medora Lee, taxpayers should opt for direct deposit when filing, as this is the fastest way to receive tax refunds. The news anchor emphasizes this point, stating "If there's a year to do it early, it's this year," highlighting the unusual urgency for the current tax season. By filing early and choosing direct deposit, taxpayers can avoid potential delays and receive their refunds more quickly.