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2020 Federal Income Taxes
Posted: Tue Feb 09, 2021 8:00 pm
by JEBar
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
Re: 2020 Federal Income Taxes
Posted: Tue Feb 09, 2021 8:15 pm
by GunnyGene
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.
Re: 2020 Federal Income Taxes
Posted: Tue Feb 09, 2021 8:15 pm
by Sir Henry
I need a tax accountant to do mine and I’m searching for a new one.
Re: 2020 Federal Income Taxes
Posted: Tue Feb 09, 2021 8:19 pm
by Sir Henry
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
Re: 2020 Federal Income Taxes
Posted: Tue Feb 09, 2021 8:24 pm
by BigAl52
Sister in Kent says her taxes are 10K a year. Dont know what urs are but thats a little steep I think.
Re: 2020 Federal Income Taxes
Posted: Tue Feb 09, 2021 8:25 pm
by BigAl52
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
Re: 2020 Federal Income Taxes
Posted: Tue Feb 09, 2021 8:33 pm
by Sir Henry
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%.
Re: 2020 Federal Income Taxes
Posted: Tue Feb 09, 2021 9:05 pm
by BigAl52
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.
Re: 2020 Federal Income Taxes
Posted: Tue Feb 09, 2021 10:09 pm
by JEBar
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
Re: 2020 Federal Income Taxes
Posted: Tue Feb 09, 2021 10:55 pm
by ESquared
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."