Most Tax Refunds Are Worth The Wait - KTRE.com | Lufkin and Nacogdoches, Texas

02/21/05 - Lufkin

Most Tax Refunds Are Worth The Wait

by Ramonica R. Jones

There are several ways to file your taxes. Paper filing is the cheapest, but sending your taxes off by mail also takes the longest.  You can also pay a little more to file electronically and get your tax refund in a couple weeks.  And then, there's the rapid refund.

Gloria Toran of Compro Tax said, "If we look at how most people respond to money, we already have spent money before we receive it.  We know we are getting it. We go ahead and make arrangements to spend it, so that's why most of them need the money quickly."

Getting a rapid refund means you can file today and have your money tomorrow.  Even if you're expecting a big refund, it's usually cheaper to wait a little longer.

"It's a bank relationship. It has very little to do with the preparer.  The IRS knows that and they encourage people to wait on it.  I guess needs outweigh good judgment."

You can always file your taxes at home on your computer or the good old fashioned paper way, but you won't have all the same refund options.  Either way, both take a lot of time and research to get it done right.

How much you pay to get a rapid refund depends on how much you get back. The cost to file is usually a percentage of your tax refund.

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