Parents still not done the taxes… 👀
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
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.
So not more complicated than in most European nations?
Here I have a pre filled form, check the numbers and done.
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.
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.
Yeah. I’m self employed and some of my income comes from a contract with a religious nonprofit. My wife has three jobs and one of them is for a nonprofit. We have complicatons from certain expenses too, even though we don’t itemize we still end up with a number of extra forms to fill out.
We haven’t been in a hurry this year. It’s a pain and our kids are aging out of the tax credits. We usually feed and house four extra humans (three are ours) but only our 16 year old gives us a credit on last year’s taxes. We’re going to get a few hundred back but we just didn’t have urgency to file. We’re pretty much done, I think we’ll submit it tomorrow.
I did mine earlier this week. Normally I do them in March, but time kinda got away from me this year. My parents still haven’t done theirs yet lol.
When I did them myself I would get them done by March at the latest. Now that I have a financial advisor that also does my taxes, I get the documents to them ASAP (assuming ADHD isn’t getting in my way), and they tend to have them filed around the time I would’ve gotten them filed. Also nice to see that I didy taxes pretty accurately as how much I owed/was owed were effectively the se amount. Really wish the tax system was simplified for at least regular W2 employees where the taxes are basically all boilerplate with some numbers filled in.
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.)
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
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.
Is the US tax year just… The year?
The UK tax year is the 6th-5th of April. I wonder how that happened…
(… Quarter days? And switching between the Julian and gregorian calendars apparently)
Is the US tax year just… The year?
Yes, and the deadline for filing is April 15th
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 just did mine yesterday, so I’m not much better than your parents. In my defense, my partner and I are self employed, and we really didn’t want to pay the government. Although through a lot of very creative but legal bookkeeping and paperwork, we managed to get what we owed in taxes down to $79.
Welp I’ll have to do it for them like… right now… I’m eating breakfast rn and mom’s keep nagging me to like hurry up and do the taxes…
I mean too bad, her house her rules… 🤷♂️ I dealing with depression and am a dependent so I have no choice but to do whatever they ask
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.
Right about now is when I start looking for the tax documents I need that are somewhere in the multiple stacks of unopened mail littering my office.
ADHD is fun.
Mine are simple, I do them as soon as I get a W2. Partner does then midnight day before due.
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
