Preparing 2013 Income Tax Returns
MARION -- Tax season is here again. The official IRS filing time starts Jan. 31, but many people are already compiling their info.
Processors at H&R Block expect to see a rush of customers starting next week. Now that employers are distributing W-2 forms, many people plan to file soon.
Micah Debenedictis is more than two weeks early filing his taxes.
"I've got lots of bills coming up and I'd like to get them all paid off. Maybe I can get a little ahead with this return," say Debenedictis.
Even though it will be a while before he gets his refund, he says he's never been big on waiting till the last minute.
"Some people don't think they probably made enough money to really worry about it but every little bit counts when you have a family."
H&R Block in Marion takes appointment and walk-ins. District manager Brenda Watts says they've already seen many in a hurry to file early.
"They might have some Christmas bills to pay or something that's coming up big that they want to put the money away for," says Watts.
Watts says it's good to get your taxes finished ahead of schedule but make sure you check your W2's are correct. And be careful who you hire to prepare them.
"In this day and time, it takes nothing for somebody to pull something. And all they need is a part of it and they can usually figure the rest of it out. So you have to be careful."
You also want to make sure you get the most out of your return. If you have a preparer, have all your financial information at the ready.
"I brought my birth certificate. I brought all my heat energy bills. Everything that I've pretty much spent on utilities and rent and just basic stuff," says Debenedictis.
And if you're concerned about the Affordable Care Act affecting your return, you can breathe a sigh of relief. Watts says that won't happen till this time next year.
"This year they have to get the insurance in place by whatever date this year. If they don't have insurance in 2014, then they're going to be penalized on their 2014 taxes," says Watts.
The Jan. 31 date is later than usual. In the past people could begin filing on the 15th.
Tax advisors say because of the government shutdown, people will have less time to file this year.
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