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2020 Federal Income Taxes

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JEBar
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2020 Federal Income Taxes

Post by JEBar » Tue Feb 09, 2021 8:00 pm

its my understanding that the first date the IRS says we can file our Federal Taxes is Feb 12th .... we use H&R software and they say their next update will be on Feb 18th .... question, when do you plan on filing your taxes .. :?: .. we have the documents needed to fill ours out right now but don't know if we should wait until after then software update on the 18th :?:
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Re: 2020 Federal Income Taxes

Post by GunnyGene » Tue Feb 09, 2021 8:15 pm

JEBar wrote:
Tue Feb 09, 2021 8:00 pm
its my understanding that the first date the IRS says we can file our Federal Taxes is Feb 12th .... we use H&R software and they say their next update will be on Feb 18th .... question, when do you plan on filing your taxes .. :?: .. we have the documents needed to fill ours out right now but don't know if we should wait until after then software update on the 18th :?:
I don't do mine until early April.
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Sir Henry
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Re: 2020 Federal Income Taxes

Post by Sir Henry » Tue Feb 09, 2021 8:15 pm

I need a tax accountant to do mine and I’m searching for a new one.
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Sir Henry
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Re: 2020 Federal Income Taxes

Post by Sir Henry » Tue Feb 09, 2021 8:19 pm

Slightly more than 45% of my income goes to Federal Income Taxes, state sales tax, and property tax. I would be rich if it wasn’t for taxes
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BigAl52
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Re: 2020 Federal Income Taxes

Post by BigAl52 » Tue Feb 09, 2021 8:24 pm

Sister in Kent says her taxes are 10K a year. Dont know what urs are but thats a little steep I think.
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BigAl52
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Re: 2020 Federal Income Taxes

Post by BigAl52 » Tue Feb 09, 2021 8:25 pm

Jim I dont know but I sent my info to my tax person the other day she never mentioned anything about when it could be filed
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Sir Henry
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Re: 2020 Federal Income Taxes

Post by Sir Henry » Tue Feb 09, 2021 8:33 pm

BigAl52 wrote:
Tue Feb 09, 2021 8:24 pm
Sister in Kent says her taxes are 10K a year. Dont know what urs are but thats a little steep I think.
Mine are only $9,860. Sales tax is 10.3%.
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BigAl52
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Re: 2020 Federal Income Taxes

Post by BigAl52 » Tue Feb 09, 2021 9:05 pm

Thats insane I think. But her house and your house are probably close to the same in value. That sales tax is crazy. But ours is about 7 and then we have state income tax also.
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JEBar
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Re: 2020 Federal Income Taxes

Post by JEBar » Tue Feb 09, 2021 10:09 pm

well, we just sat down and filled out our taxes .... we have used H&R Block for years .... the program imports last year's data and we put in only the new info .... e-filed both our state and federal .... both are shown as pending .... now we will see when the Feds accept ours
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Re: 2020 Federal Income Taxes

Post by ESquared » Tue Feb 09, 2021 10:55 pm

My tax guy had already confirmed the 12th and the first filing day of "the season," and I didn't even know there was such a thing. That window may open a bit earlier for CPA types and at a later date for individual filers, but that's just a guess.

Bottom line is the 12th is the earliest for anyone, as I understand it.

Good news is, he says he'll be ready to hit "Send."
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