Lez and I are planning on filing our taxes this weekend having pretty much completed them over the last week using Turbo Tax. It looks like I am going to be receiving a few hundred dollars back and Leslie, my dear Leslie, owes a nice chunk to the tune of about a thousand dollars. It seems like Uncle Sam wants a piece of her free gradschool scholarship money.
Oh well….doing our part to help out the good folks in Washington.
I came across an interesting graphic about filers and who gets a refund. The results make sense to me. I am certainly more excited to file for my +$300 than for Leslie’s -$1,000.
A TurboTax survey found that 82 percent of taxpayers who filed before the end of February got money back. In fact, 40 percent of all tax returns are filed before the end of February, according to the IRS. And not only do most early filers get a refund, their average refund is typically larger: $2,869 compared to $2,753 for returns filed through April 15, according to the IRS. This image reveals some interesting data around the group known as “early filers” – including their demographics, what they do with their refund, their average refund, and statistics around e-Filing.
Where do you come in?
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I am always an early filer because most of the time I get a refund. I get a small refund because I do not want the government to just hold on to my money all year so I made sure to get my adjustments right.
I think early filers have an idea that they are going to get money back so they file early so they can get that money in. The times that I know I had to pay I waited until late (not the last day) because I wanted to hold on to that money as long as possible.
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