Are you a late filer?
Each year around this time, millions of people begin the process of filing their taxes. Some hope for a large refund, while others (like me) hope that the amount being received or the amount being paid is as close to zero as possible. You see, if you are getting a large refund, that means that you have been paying the government too much money and they are simply returning it to you. If you are struggling to make ends meet, the extra money you need may be going to the government.
This is the first year that I have had to pay federal income tax. I will be sending Uncle Sam a very small amount, so I am ok with that. My state return shows that I over paid the Commonwealth of Virginia, so I will be getting a refund on that one.
Maybe you are in the group that hasn’t filed yet, because you have some questions. Today may be your lucky day (if you believe in luck). H&R block will be offering a Tax Advice Hotline today, April 7, for those who may have a few questions about their return. To access the hotline, simply call 1-877-HRBlock to talk to one of their representatives, but don’t wait. April 15 will be here before you know it, and even if you file for an extension, you still are required to send in at least 90% payment if you are going to owe this year.
How about you, have you already filed? Are you getting a refund? Are you paying Uncle Sam?
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