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Monday, March 05, 2012

It's Tax Time Again -- What's Different This Year?

WASHINGTON - By now you should have received your W2s, 1099s, and any other forms you'll need to fill out your 2011 federal income tax returns.

So have you gotten your refund yet?

Perhaps not. This year's Tax Day falls on April 17, because the usual filing deadline, April 15, is a Sunday, and the day after that is Emancipation Day, an official holiday in D.C. And since D.C. is the Federal City, it's a tax holiday for the rest of the country.

But keep in mind, chances are you're due for a refund from Uncle Sam, so why put it off?

"About three in four taxpayers get refunds every year," says Kimberly Palmer, author of the Alpha Consumer blog at U.S. News & World Report.

"On average it's about $3,000, so that should give some good motivation to file early, because the earlier you file, the quicker you get that refund," says Palmer.

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1 comment:

lmclain said...

I MUST be hanging out with the wrong people....the average refund is $3000 (!!) ?? What!? Maybe its because all my friends and family actually WORK, but none of them --- NONE --- are getting anywhere close to $3000. Several hundred, MAYBE. Maybe. Maybe working for a living ain't all it's cut out to be...