Sunday, February 1, 2009

Early Filers Beware

Ahh Tax season - My favorite time of the year.

I'm pretty sure you're legally supposed to have your 2008 tax documents by now - or at the least, most of the people providing them should be putting them in the mail by now. No mater how many documents you have already, it's never too early to get started.

And it appears that its never too early to get started making mistakes either.

My home-town newspaper recently published an article on tax rebate errors and it appears that 15% of tax filers are already messing up their tax returns by incorrectly filling out the section about the amount of the tax stimulus rebate that many of us got last year.

Rule of thumb - If you got stimulus money in 2008 - you probably don't qualify for an additional stimulus money. Sorry - consider yourself fully stimulated.

The good news is - it looks like if you did claim the refund accidentally- it only delays your total refund by a week. That could be worse...

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