**Today’s guest post is contributed by Money Crashers.**
Did you file your taxes early this year hoping to receive a refund in the mail pronto, only to be disappointed?
Many people filed early and were unable to receive their refunds before February due to recent tax law changes forcing the IRS to update their systems at the beginning of the year.
Maybe it’s the death of the rapid return option; I’m not sure. But I do know that I watched many of my friends and co-workers become wide-eyed with panic because they weren’t getting their refund as quickly as expected. Perhaps they had already spent their estimated tax return money with the expectation that they would receive the reimbursement early in 2011. Or maybe they had it earmarked for a bill or other expense.
If this happened to you and you missed a payment of some sort because you didn’t have access to your refund as soon as you would have liked, the silver lining are these three lessons:
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