Have you filed your taxes yet? I just finished my taxes this week. Unfortunately, the news was not good – my wife and I owe $1,100. But we will get $1,200 for the economic stimulus rebate in May, so that will make up for it (economic stimulus rebate check schedule).
I had a feeling our tax situation would result in us owing money to the IRS this year, which is one of the reasons I put it off for so long! Well, it appears as though I am not the only person pushing the envelope. Every year, millions of people wait until the last few weeks to file their taxes, and many hundreds of thousands wait until the final days!
If you haven’t filed yet, you’re not alone! With the tax deadline of April 15 right around the corner, Intuit, the maker of Turbo Tax products, again tallied last-minute online tax filings to find out which American cities are the biggest procrastinators when it comes to filing federal income tax returns.
Top 10 US Cities Most Likely to Procrastinate on Their Taxes:
The following list includes the TOP 10 TAX PROCRASTINATING CITIES IN AMERICA determined by the number of tax returns electronically filed online via the Turbo Tax Online service (previous year ranking in parenthesis):
1. Chicago, Ill. – (#2) – Chicago hasn’t won a championship worth talking about since MJ was in town. Finally, they have something to be proud about!
2. New York, N.Y. – (#5) – The Giants may be number one in pro football, but New York is second on the list of late filers.
3. Houston, Texas – (#1) – Houstonians have topped this list 3 times in 7 years. If only their baseball team were as consistent at winning!
5.Austin, Texas – (#4) These guys have the best excuse of the bunch – they’re too busy rocking out at the SXSW Festivals to worry about taxes!
4. San Francisco, Calif. – (#5) – It looks like San Franciscans were so enamored with Barry Bonds last year, they almost forgot to file their taxes. Luckily, most of them filed in time. Mr. Bonds on the other hand, was investigated for tax evasion for not reporting memorabilia sales… Some celebrities are definitely not role models!
6. San Diego, Calif. – (#6) – Baseball, boat shows, and the beautiful ocean. It’s easy to forget tax season when you live in paradise!
7. Seattle, Wash. – (#8) I blame it on Bill Gates. I’m kidding, I just couldn’t think of anything snappy to say for Seattle. I did enjoy it when I visited a few years ago, but I missed out on the Jimi Hendrix Museum. That’s my excuse to go back!
8. Las Vegas, Nev. – (#11) – I can think of at least 2 dozen things I’d rather do in Las Vegas instead of taxes. Yep, I think I’d wait until the last minute as well!
9. San Antonio, Texas – (#7) – Every year in April, San Antonio holds Fiesta, a week long party celebrating the Hispanic culture. The food, music, beer, and atmosphere are excellent! Just another reason to delay filing taxes!
10. Los Angeles, Calif. – (#12) – Apparently Los Angelinos were busy chasing Britney Spears all over town and waited until the deadline to file their taxes. At least they didn’t let the forlorn Britney file their taxes for them.
Still haven’t filed your taxes?
That’s OK. The good news is you don’t have to file late taxes – you have some options. The first thing you can do is bite the bullet and file your taxes. Here are some resources for filing your federal taxes for free, and here is how you can file your state taxes. If you still don’t have enough time to file your taxes, then consider filing an extension. Just keep in mind that you need to pay any taxes owed before the April 15 deadline, and you must file your taxes by October 15th or they will be considered late and you may owe penalties and fees.