Tax question

twoasone1 · January 2011

I remember a little while back someone posted something about there being a penalty of some sort for filing your taxes early. Am I making that up? Is it 'okay to file this weekend? Thanks!

lynsef · January 2011

My husband always does our taxes and says we have to wait until 2/11, which is right around when we usually do it and we get our return really quickly.

mistywhite400 · January 2011

If I remember correctly, I think someone mentioned that they were changing a bunch of tax stuff so it may be beneficial to wait, but I don't think there's a penalty.

twoasone1 · January 2011

Okay, thank you. I just read some more about it and it sounds like you can file whenever as long as you aren't itemizing and you do not have an education credits. Am I reading that right?

kbram · January 2011

Due to some changes in the tax laws, some people cannot file until mid Feb. because of the changes on the forms. I'm not sure who those people are but I found that out from a friend who works for a tax place.

chrissay185 · January 2011

What program do you use? I just filed mine on Monday, but since I itemized my deductions, it won't be processed by the IRS until mid-Feb. If you did not itemize your deductions, you will get yours within a week of it being processed by the IRS if you file electronically.

So if you itemize your deductions (which most bumpies would) you can e-file now, it just won't be "processed" by the IRS until mid-feb.

I e-filed mine, I am just waiting for my money!

Tax question

Re: Tax question

Choose Another Board

Search Boards