Should You Hold Off On Filing Your Taxes?

2007 taxesConventional wisdom would say that if you’re expecting a sizable Federal income tax refund, you would want to file your tax return as soon as possible to collect your money that you have been lending the IRS interest free during the year. With free online filing available, this has been encouraging even more people to file quickly to receive their refund.

There may be a reason, however, that you won’t want to file your taxes right away. Due to a number of tax law changes, banks, brokers, and mutual funds are predicted to have a difficult time providing accurate information to you by their end of January deadline. If the results are similar to previous tax seasons when tax change


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2 Responses to Should You Hold Off On Filing Your Taxes?

  1. junger says:

    Last year, I decided to file my taxes early to get it over with … and then the day I put it in the mail, a W2 I wasn’t expecting to get came. Obviously, I had to file an amended return (and return some of the money I got back). This year, I’m waiting a bit longer.

  2. Pingback: February 2nd Friday Five - I’m Exhausted Edition : Generation X Finance

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