Any tax filing procrastinators out there?

PennyPincher · #1 (**permalink**) 03-31-2005, 06:00 AM

I am so ashamed to admit it, but I have yet to file my taxes. The thing that eats away at me is that I'm getting money back, so I've basically loaned the govt. money for quite some time now... I'm overwhelmed because 2004 was the first year that I owned a condo/residence the full year, and I now have renters in that place, and moved in Sept to a townhouse. So I have to worry about deductions, mortgage interest, etc, etc ~ and it has made me put it off. Ugh. I will seek help...

My question: how do I need to file so that I don't get so much money back at the end of the year? I'd rather pay less throughout and keep more to invest, but I don't understand what I need to claim to do that.

I am legally single (although my fiancee would disagree).

34saving · #2 (**permalink**) 03-31-2005, 06:21 AM

Probably the easiest thing to do is take more exemptions at work. (Just because you're single doesn't mean you have to take one exemption -- you can take as many as you want.)

mjrube94 · #3 (**permalink**) 03-31-2005, 08:29 AM

See this publication from the IRS on changing your withholding. (Feel free to read the entire document, but page 15 is the actual W-4 form and should be able to identify how much you should withhold.) Good luck!

http://www.irs.gov/pub/irs-pdf/p919.pdf

SeeAPenny · #4 (**permalink**) 03-31-2005, 09:18 AM

Yes, DH and I chronically procrastinate on this as well. No excuses really.....