If you are dreaming of what you will do with your tax refund when you get it some time in February, now’s the time to wake up and “three-step” your way to H&R Block’s W-2 Early Access service. Using this service, taxpayers can e-file their taxes Jan. 17 instead of waiting until after the Jan. 31 deadline for employers to mail these forms.
“The impact that a service like Early Access can have on literally millions of people is huge,” said Mary Preston, senior product manager at H&R Block. “We have made every effort to be responsive to what our clients want and need, and this service incorporates five things consumers want most; it is free, easy, reliable, secure and convenient.”
Getting a head start on the tax prep process helps clients get their tax refund up to three weeks earlier than if they waited to get their W-2 from their employer by the Jan. 31 deadline – and this service is free. All you have to do is find, send and file.
Find – find out if your employer is participating
This free service allows taxpayers to e-file their taxes Jan. 17 – the first day the IRS will accept 2011 tax returns – and receive their tax refund up to three weeks sooner. The first step is to find out which employers are participating. Right now, taxpayers can search the W-2 Early Access database of more than 90 million W-2s provided by more than 200,000 employers. Taxpayers also can obtain copies of W-2s from former employers and copies of lost W-2s through the Early Access service.
Send – send your W-2 to a H&R Block tax office
Taxpayers can sign up now for H&R Block’s W-2 Early Access service, which means they will receive an e-mail alert when their W-2 is available and is being securely sent to the H&R Block office of their choice.
“The e-mail notification for our Early Access service is a feature that is not offered by our competitors. Our clients can rest assured that their e-mail address will be used only to let them know their W-2s are available, saving them from having to check back multiple times,” Preston said.
File – file your tax return
The sooner a tax return is filed, the sooner the refund can be in the taxpayer’s hands. A tax refund is the largest lump sum of money many receive each year; last year’s average tax refund exceeded $2,900. This creates a greater urgency for many taxpayers to get their refunds quickly, whether it is to make investments in their future or cover the bills from their holiday spending hangover.