Parents still not done the taxes… 👀
I don’t think it’s possible to do taxes in January, most places don’t have documents ready before the end of the month. I had to wait a few extra weeks for the documents from my investment account too, so not everything is always available on Jan 31.
I did mine in February this year. I’ll probably wait and do it later next year, like mid-March, as I ended up missing a document that would have slightly increased my state return (not enough to go through the headache of fixing it).
Last year, I needed an extension, as it was first time doing it myself and my situation was fairly complex.
W2 is usually available by mid January, with the standard deduction being so high that’s all a lot of people need.
I don’t think I’ve ever gotten my W2 before the end of January
It depends a lot on the company, my company usually has them by middle of the month. One year they got them out in the first or second week and I had my taxes done before the first half of January was over.
No I mostly have to wait for my banks to send out 1099ints so I end up doing state and federal taxes in early February now.
That’s great, I’d love to have my docs that early! I think I had to wait til nearly the end of February for some of my 1099s this year.
Got my W2, went to file, website wasn’t ready lmao.
For me, it depends if I’m getting a refund or not. If I’m getting a refund, usually by mid February after all my paperwork gets in. If I owe money, I’m waiting until April.
I do mine as soon as I have all my W-2s. It takes like 10 minutes. I don’t know why there is a trope about them being hard or confusing. They’re not, unless you’re trying to itemize everything.
Its hard cuz my parents run small bussiness and you got all those weird additional forms… Not as simple as just scan and file.
Also theres a thing where you have to file separately with the city.
If you only have W-2s it is easy. But there are lots of other things that can make it a mess. If you have a business, do stock trading, use crypto, or itemize (less common now), then it can take a fair bit of time.
So not more complicated than in most European nations?
Here I have a pre filled form, check the numbers and done.
The issue is you have to wait to get your tax docs in the mail. I got my W-2s (proof of wages/income from employment) sometime in mid-January, and I filed my state and federal taxes 3rd week of January.
However, my municipal taxes require me to receive a paper from them through the mail. I didn’t get it until march. It had errors (as usual), and I’ve just been like, I’m not dealing with that. Last year it was also months late because I didn’t want to deal with them.
Some providers do digital distribution now. I didn’t get any physical documents from my employer or investment account, just PDFs this year.
I remember growing up my parents would procrastinate and then crunch to get them done on 4/15. It seemed like they did this every damn year.
Me? I usually do end of February or maybe the beginning of March. Takes a bit to get all my documentation, so no point in dealing with it much before that.
If you’re wanting like my friend was, you’ll keep asking for extensions and missing deadlines until you’re assigned an auditor, at which point you’ll finally submit paperwork covering your two tax documents, and then complain that the IRS is being unreasonable.
Now, she just does things on time.
We did ours as soon as we had the documents, around mid Feb. Despite how incredibly awful everything is lately, there’s still child tax credits and daycare credits from smarter times. No reason to procrastinate that, especially as we can invest it in a long term fund for the kids.
Honestly really surprised to find everyone here all do their taxes so quickly. I also did all of mine as early as I could (mid-Feb) but…
The only few American friends whom I’m close enough to talk about this, they all ignore it until the very last minute. So either late March/April, or not at all
Mine are simple, I do them as soon as I get a W2. Partner does then midnight day before due.
Before I had to wait on slow 1099s: as soon as the IRS and the software I used had the forms all set up.
Now: whenever the last slow-assed company sends me a 1099 which is sometime in March null
I want to do things ASAP and have them done, so that’s hard. As an overseas citizen, I do get an automatic 6-month extension, but I’ve never had to come anywhere close to the normal deadline, even.
For me, it depends on when all of our paperwork is in.
Generally, the W-2s from the employers don’t come in until the end of January, then I have to wait on my stock account. My wife had unemployment last year, and dividends from an oil field.
All of that has to be in before we can file.
Technically we were ready mid-February but got laid out by hospitalizations. I think we filed mid-March?
The paperwork is supposed to be available by the end of January, so not usually before then.
So yeah, I stated a couple hours ago and spent most of that time fighting secure logins for online services I use once a year
You can’t do them in January let alone New Year’s Day as most tax forms have until the end of January to be sent to taxpayers.
i set things up so I’m close to net zero, owe the state a tiny amount, tiny refund from the feis. There is no hurry, but I want them done late March just in case there is something weird I need to figure out (which has happened a couple times over the decades I’ve been eoing them.)
I’m still fighting my old company for tax documents that are due in 4 days, and I don’t even live in the US
