Filing Your 2012 Taxes in 2013 – Filing Options, Tax Dates and Rates
Don’t like ‘em but got to pay Uncle Sam to stay clean and fund the land we live in. Still, pay as little as you have to with these top online e-file software packages:
- Turbo Tax – Turbo Tax has been the #1 rated online tax software for a number of years. There is a reason for that, it makes tax filing a breeze for most users by guiding them step-by-step through possible tax obligations, deductions and credits. Competitively priced, it is definitely on option worth looking into when filing your taxes.
- H&R Block – Building on their well recognized brand and national office network, the online version of the H&R block tax software gets better every year and is much cheaper than their offline (i.e real tax preparer in an office) option. What’s also good about H&R block’s online offering is that if the IRS does come knocking you can get free audit support from their enrolled agents.
The IRS reported that nearly 72%, or over 100 million individuals, filed their federal income tax returns electronically. This is up from about 30%, 10 years ago. At this rate by 2020, more than 95% of people will file electronic returns. Overall, the IRS issued 109 million refunds last year, averaging $2,994 per refund. Direct deposit refunds averaged $3,189 per refund and were received a week faster than paper checks.
2013 Tax Filing Deadline and Due Dates
|January 1, 2013||First day to file a 2012 tax return. Though the IRS generally will not accept e-file and free file returns until the date below. Even paper based filings won't be processed till later in the month|
|January 30, 2013||IRS e-file to go live, allowing submission of electronic tax returns for the vast majority of tax filers|
|April 15, 2013||*Tax Day* Last day for filing 2012 federal income tax returns and extension requests|
|April 15, 2013||Deadline for filing state income tax returns (for most states) and extension requests|
|October 15, 2013||Filing extended 2013 federal and state income returns|
|April 15, 2016||Filing a 2012 tax amendment. You can file an amended or previous year return anytime, but you have a deadline of 3 years from the original due date to claim any tax refund.|
2012 Tax Tables
Also, here are some tax related articles that may save you a few bucks:
- Do I Need to File a Federal Income Tax Return? Maybe Not If You Meet These IRS Guidelines
- Fiscal Cliff – Payroll Tax Credit Holiday To Expire in 2013 Along With Other Tax Breaks and Credits
- 2012 401K and IRS Resource Page
- When Will IRS Tax Forms (Employer W2, Investments 1099, 1098) Be Available For Filing My Taxes – 2013 Mailing Dates
- Check For IRA and Roth IRA Excess Contributions To Avoid a 6% Tax Penalty
- How To Prepare for Tax Increases Next Year In this Sluggish Economy
- AGI vs MAGI vs Regular Income
See more in the Taxes and Retirement Planning category