View Full Version : File taxes early
jenniepepsi
Aug 13, 2011, 04:06 PM
Every year I see something about 'predicted income' and that leads me to believe that you can file early? So if I get the same amount each month, and I know EXACTLY how much I will receive the last month of the year, can I file early so that I can receive my return before christmas?
twinkiedooter
Aug 13, 2011, 04:36 PM
I don't thinkyou can do this as you are not self employed. The self employed folks file their estimated income quarterly. If you receive a regular W-2 I don't think you would qualify for filing early to receive a return before Xmas.
Where did you hear/read about getting refunds early?
jenniepepsi
Aug 13, 2011, 04:44 PM
Ok that's the second time this has happened. Why does my dashboard say that Twinky has posted to my post, but then there is no post. It happened on my other post too!
taxesforaliens
Aug 13, 2011, 04:44 PM
No, you cannot file early. The IRS accepts returns sometime in the middle of January the following year.
Fr_Chuck
Aug 13, 2011, 04:44 PM
NO,
You can not file a return to "get a refund" till Jan 1 in fact some times you have to even wait a bit longer if the IRS have not finalised all of the new years laws.
What you can do, is correctly change your withholdings so you don't pay one penny extra into the IRS. Then you put that balance in savings, and at Christmas the money is yours.
Remember refunds are nothing more than your own money, you paid in that is returned to you with no interest. The worst savings plan in the world.
jenniepepsi
Aug 13, 2011, 04:45 PM
OH well there it is. I bet your post is there to if I reply to it then it will pop up lol.
jenniepepsi
Aug 13, 2011, 04:46 PM
OK thanks for taking your time guys. It was just a thought, sucks I can't lol. Thank you :)
Fr_Chuck
Aug 13, 2011, 05:21 PM
And to clear up what you are hearing, for example, if you were self employed, perhaps a 1099 worker, where no taxes are held out of your check, you do have to file ( many times) quarterly taxes and pay estimated taxes
So the estimated is for payment to them, not payment to you