It is said that there are three things that are certain in life: birth, death, and taxes. Tax day can be daunting if you wait until the last moment to do the paperwork. In past years when the only option was mailing them, the post office was a popular place on April 15. Today, on the other hand, it is not so popular because of e-filing, but still many people wait until the last minute on the last day to file.
Over the years I have done my own taxes and almost always get done way before the last day because I get a refund. People often think that they are going to owe money and think they need to have someone else do the paperwork. For the last 10 years I have used a program called Turbo Tax because it is easy to use. There are now free access points online and because of them you can save money.
Consider doing your taxes early and using direct deposit. More often than not you will have a refund coming and by snail mail it can take up to 2 months to get your refund as opposed to about 10 days with direct deposit and e filing. Ask yourself who could use that money more you or the Government.
If you owe make sure you file early and if you need time to pay extensions are available but it can cost you. Save yourself this problem by not reporting all of your deductions on your W-2. If you claim 1 or if single 0 it will almost guarantee not owing and having a refund. While you could use the money over the year it is far more costly to under pay and lose it on Tax Day. Over the year it will be small increments but at the end of the year it is a single payment.
An example is over the year paying out an extra $10 dollars each pay period may seem harsh but if it is owed at tax time you would have to have $260. All at once. Sadly it is often more than that. The question is can you afford extra money all at once or would you rather get a check back at the end of the year?