[Jake]

I was about to file taxes early, but I’m curious, as a W2 employee is there any reason to actually pay before April? Couldn’t I be earning interest on the money I owe until then? It’s only a couple hundred dollars, but is there an advantage I’m missing if I pay Feb-March?

[Timothy]

Every time I’ve scheduled payments via electronic debit it doesn’t withdraw until the April deadline.

[Kimberly]

If I owe taxes, I always wait until April to file.

[Dave]

If it was a lot of money I’d maybe hold off but if it’s a small amount the interest is nearly nothing and it checks it off my list to not have to worry about it.

[Luciano]

I hate doing taxes. I wait as long as possible. Once my paperwork is in order I send it to my CPA/tax person.

She goes through it and comes back with recommendations on what I may be missing or what needs to be offset.

Once done it gets send out and stamped 2 days before due date.

Worth a look: If I have a financial loss rolling over each year on my private taxes can I use a large financial gain to off set it?

[Nidia]

We file when our taxes are done but we don’t pay until April.

[Landon]

The government offsets your non-payment with the countless people that are letting them hold onto their money for a year. I’m one of them lol. I haven’t sat down and ran the calculations to get a $0 return yet.

[Patrick]

Filing and paying are two different things. File whenever, but you have until 4/15 to pay.

[Author]

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