2010 W-2

[old levi's]

W-2 statements for 2010 are available on the ADP website as of 0600 hours on 1/17/2011.
That is all.

 

[UpstateNYUPSer(Ret)]

UPSers.com Life and Career W-2 Reissue

 

[menotyou]

If only I had any taxable income....

 

[UpstateNYUPSer(Ret)]

As I suspected my W-2 was the same as my 12/31 paystub.

 

[Nimnim]

Yay, taxes filed.

 

[Nimnim]

Also my recommendation for a service to do your taxes. I use H&R Block online, the free version. Works very well for me, and I've been using it for the last 7 years. Dunno what or if the cutoff point is that won't let you use the free version, but as a "well paid" PTer I don't hit it. I also efile and have direct deposit done so the refund comes even faster.

Just my recommendation, you don't have to use this if you have your own way.

 

[UpstateNYUPSer(Ret)]

Yay, taxes filed.

Not so fast. The IRS has yet to finalize some forms. Federal should be updated next Monday. Taxpayers who itemize and have mortgage interest and/or college tuition will have to wait until mid-February.

 

[Nimnim]

Not so fast. The IRS has yet to finalize some forms. Federal should be updated next Monday. Taxpayers who itemize and have mortgage interest and/or college tuition will have to wait until mid-February.

Yeah, unless they throw something new out I don't have to worry. I've got a very simple form this year. Though most places that you can do your taxes through will hold your return until the IRS says it's ok.

 

[Nimnim]

Not so fast. The IRS has yet to finalize some forms. Federal should be updated next Monday. Taxpayers who itemize and have mortgage interest and/or college tuition will have to wait until mid-February.

Just to add some more info on this.

Who Must Wait to File

For most taxpayers, the 2011 tax filing season starts on schedule. However, tax law changes enacted by Congress and signed by President Obama in December mean some people need to wait until mid- to late February to file their tax returns in order to give the IRS time to reprogram its processing systems.

Some taxpayers – including those who itemize deductions on Form 1040 Schedule A – will need to wait to file. This includes taxpayers impacted by any of three tax provisions that expired at the end of 2009 and were renewed by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act Of 2010 enacted Dec. 17. Those who need to wait to file include:

Taxpayers Claiming Itemized Deductions on Schedule A. Itemized deductions include mortgage interest, charitable deductions, medical and dental expenses as well as state and local taxes. In addition, itemized deductions include the state and local general sales tax deduction that was also extended and which primarily benefits people living in areas without state and local income taxes. Because of late Congressional action to enact tax law changes, anyone who itemizes and files a Schedule A will need to wait to file until mid- to late February.
Taxpayers Claiming the Higher Education Tuition and Fees Deduction. This deduction for parents and students – covering up to $4,000 of tuition and fees paid to a post-secondary institution – is claimed on Form 8917. However, the IRS emphasized that there will be no delays for millions of parents and students who claim other education credits, including the American Opportunity Tax Credit extended last month and the Lifetime Learning Credit.
Taxpayers Claiming the Educator Expense Deduction. This deduction is for kindergarten through grade 12 educators with out-of-pocket classroom expenses of up to $250. The educator expense deduction is claimed on Form 1040, Line 23 and Form 1040A, Line 16.
In addition to extending those tax deductions for 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act also extended those deductions for 2011 and a number of other tax deductions and credits for 2011 and 2012 such as the American Opportunity Tax Credit and the modified Child Tax Credit, which help families pay for college and other child-related expenses. The Act also provides various job creation and investment incentives including 100 percent expensing and a two-percent payroll tax reduction for 2011. Those changes have no effect on the 2011 filing season.

The IRS will announce a specific date in the near future when it can start processing tax returns impacted by the recent tax law changes. In the interim, taxpayers affected by these tax law changes can start working on their tax returns, but they should not submit their returns until IRS systems are ready to process the new tax law changes. Additional information will be available at www.IRS.gov.

For taxpayers who must wait before filing, the delay affects both paper filers and electronic filers. The IRS urges taxpayers to use e-file instead of paper tax forms to minimize confusion over the recent tax law changes and ensure accurate tax returns.

Except for those facing a delay, the IRS will begin accepting e-file and Free File returns on Jan. 14. Additional details about e-file and Free File will be announced later this month.

 

[UpstateNYUPSer(Ret)]

Thanks, Klein.

 

[over9five]

Canadien tax system is far superior to the US.

 

[cachsux]

Canadien tax system is far superior to the US.

Yep. No job = no tax.


Shame though as candy and trinkets are an itemizable deduction.

 

[UpstateNYUPSer(Ret)]

Canadien tax system is far superior to the US.

I know you are joking but it actually is better than ours.

 

[soberups]

I am personally in no hurry to file.
My wife and I try to withhold in such a manner that we dont get a refund at all. Our goal is to owe the IRS $499.99 ( the maximum you can generally owe without having to pay a penalty) and to wait until April 15th to pay it so that we can earn interest on that money for as long as possible. Instead of witholding too much and then waiting for a refund, we simply have the same amount automatically deposited into a savings account and then transfer it into checking when we pay the IRS.

 

[Nimnim]

I have extra taken out to ensure I don't have to pay anything and use my refund as sort of a bonus to get things done I've been putting off, like I need new shocks for my car. The leftover gets put aside for bills down the line. It works for me, but I know everyone handles things differently. I like to file as soon as possible to avoid the last minute rush, and to counteract my inevitable laziness that will hit me if I put it off much.

 

[UpstateNYUPSer(Ret)]

Sober, the deadline has been pushed back to April 18 this year due to some holiday in DC.