As we reach the midway point in February, many people have received all of the information needed to file their taxes. For those who get refunds, you generally want to file as soon as possible so that you can get that refund money into your hands. On the other hand, if you owe money, you may prolong filing so that they can keep the money out of the government’s hands as long as possible.
If you haven’t even started to do your taxes yet, don’t forget to enter my TurboTax Giveaway. I’ll be announcing the winner early next week, so there is still time to enter.
Since we owe this year, we’re going to be waiting a bit. I’ve done our taxes to determine the damage, so I’ll let the money sit in a high interest savings account for another month or so before sending it in. Where do you stand?
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About the Author: Jeremy Vohwinkle is a Chartered Retirement Planning Counselor® and spent a few years working as a financial planner. Today, he helps people make the most of their money by writing about personal finance here and elsewhere on the web. Jeremy is also Coach at Adaptu and a regular contributor for other publications such as Intuit, and American Express. Be sure to follow Jeremy on Twitter or Google+.