This year’s tax deadline is just two months away, but there’s good reason to file right away: The IRS made inflation adjustments, raising tax brackets by 7%, so refunds will be bigger for some.
Also, clean energy tax credits were expanded, and the lifetime limit is now gone -- used electric cars now qualify for a credit, not just new ones.
A Turbo Tax CPA told NBC Bay Area one reason not to wait is if you are hoping for a change to the Child Tax Credit.
"File now. We don't know what's going to happen yet," Lisa Greene-Lewis said. "The IRS commissioner did state that if changes are made, they would make adjustments automatically to people's tax returns."
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The deadline to file taxes this year is April 15.
