When I was working, I usually applied for an automatic extension to October. That only extended the filing date and did not extend paying taxes owed, which were still due on April 15. Thus, I had a rough draft of the return already done. However, I usually procrastinated to confirm the calculations and then do the tedious job of filling out the forms and making copies.
The worst part was by October, the next tax season was almost over and I would have to start doing taxes again. In addition, my spouse also objected to waiting so long to file, but I had the excuse of work.
After retiring, I continued to file the automatic extension and file by October since I didn't receive a refund. However, about 10 years ago I started getting a refund due to over withholding and I started filing on or before April 15 to get the refund. Now I get ready to file as early late January, but I usually need to wait for some 1099 forms that arrive in late February.
Nowadays, I can be ready to file by mid March, which means we can get our refund in April. This year, I didn't mail the hard copy returns until today, which means we'll probably get our refund in May. I filed one state return electronically and hope to receive the refund in a couple weeks.
For more on Crossing Generations, check back every Thursday for a new segment.
This is not financial, tax, nor tax filing advice. Please consult a professional advisor.
Copyright © 2026 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
No comments:
Post a Comment