When do you file your federal income taxes?

[exitseven]

Years ago I used to get a refund so I would file in the beginning of February. Now I end up paying a few thousand dollars so I fill out the forms and sit on them until April.

Updates

2 mo

I read an article yesterday that said that everyone' s tax refund will be smaller. The irony is that everything else since Biden gmhas been president has gone up and tax refunds have gone I the opposite direction.

[Wiredone]

My taxes, since I own a business, have to be in by March 15th. Last year was the first year I ever got money back. I got a whole $1.09 back usually I have to pay in. 3 years in a row I had to pay over 17 thousand dollars. The government is blood suckers

[exitseven]

Yes i know that this year will not be a pretty sight.

[Wiredone]

Thanks for the mho

[QuietRunner]

in March, but if I pay then schedule that for as close to April 15th.

[Dinklex3]

I do it ASAP. I only worked until June so I guess it was larger than usual which was nice.

^^My parents are the same. They know they’ll owe money so they wait until the very last minute.

[Whitewulf]

We the people are joining together to take the power back from the criminal gov. We pay almost 40% of our hard earned wages from our employment checks. And then more taxes on food, houses, property, food, clothes that were taxed to the vendor who sold us these products. Who gives the people the right or authority to tax its people to death. Oh yeah there is a tax on dying to.

enough is enough. When we all join this fight and stop paying these thieves ransom we will cripple them over night. And out the power back in the hands of we the people. Aren’t you tired of funding the war in Ukraine. We can and will do this. Stand strong!

[exitseven]

The problem is that the tax is being withheld from your check every week. You can minimize the amount that is withheld but you still pay a bundle

[Daniela1982]

Do we need another Boston Tea Party? They are taxing us to death, yet providing illegals with everything free - on us! 😡

[BoopBoopBeep]

I file for an extension every year otherwise I have to amend it. My adjusted 1099s and K-2s are never ready in time to get it done and NOT have my accountant rush it, and I'd rather he take his time. I'm in no rush to pay. They'll get their money in autumn.

[exitseven]

Do you have to pay interest,?

[BoopBoopBeep]

No not as long as you request the extension by the April due date

[exitseven]

Cool , I seem to remember in Tax Accounting class that the IRS likes people to file extensions because they make them pay interest.

[BoopBoopBeep]

That's only on your balance. So in two months we'll file for 2023. If you owe from an amended 2022 filing, that is due by the due date or THAT part will begin accruing interest. The IRS would rather you file for extention than have to amend because stuff came in late, which is very much more common the more complicated your return, because they don't want to have to go back and run your taxes twice or revoke an audit notice after stuff changes. The interest they do charge is a pittance of their operating budget, so they don't really have a dog in that race for the less than half a year extra.

[Daniela1982]

Like you do. The last minute. Give the government no interest on the money they will probably send to Ukraine.

[midnightmoon05]

When I get all my paperwork… sometime March/April….

i just let my accountant do the thinking 😂

[Apple1996]

I did my taxes last weekend but i do get a large refund so I always try to do them early as possible to get the money faster

[handsomelad70]

In Canada, we have until Apr.30.

[AviatorTom]

My taxes are normally filed in early March. I usually get a refund but sometimes have to pay.

[Elena_Stewart]

I would do the same thing if I were in your position
Usually in end of March.

[douride2]

As soon as I get all my info. You know tax slips.

[Mangospacho]

I haven’t done it in years. I told them I didn’t like the way my tax dollars were being spent and they still keep wasting my money so I just don’t file my taxes anymore.

[CaptainSmartass]

I thought your tax and NI were supposed to be taken out of your wages every month?

Simples...

[exitseven]

Your employer does take money out of your check every week. However it is not a perfect system. At the end of the year most people either paid too much and get a refund or else they did not have enough withheld and have to send in a check.

[CozyCoffin]

I usually wait until I get my paper work and then do it immediately.

[LiamJHayden]

Last possible minute because with investments I always end up owing.

[Jennz6]

April 18

[exitseven]

Hahahaha.

[Jennz6]

It used to be April 15