You might also consider converting a traditional IRA to a Roth IRA before 2025, adds Rob Burnette, investment advisor representative at Outlook Financial Center.
“If you file by paper, in my experience, you’re looking at six to eight weeks minimum for your refund,” says Rob Burnette, a professional tax preparer with Outlook Financial Center in Troy, OH.
Investment advisor and professional tax preparer Rob Burnette of Outlook Financial Center in Troy, Ohio adds that most electronically filed returns with direct deposit result in refunds that show up within 21 days after filing assuming there are no errors.
“This will likely reduce take-home pay for people in the workforce, tax deductions will be reduced, tax returns may be more complicated and the tax benefit of Roth IRA conversions will not be as favorable for many taxpayers,” said Rob Burnette, investment advisor representative and professional tax preparer at Outlook Financial Center in Troy, Ohio.
