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I don't think it's possible to do taxes in January, most places don't have documents ready before the end of the month. I had to wait a few extra weeks for the documents from my investment account too, so not everything is always available on Jan 31.
I did mine in February this year. I'll probably wait and do it later next year, like mid-March, as I ended up missing a document that would have slightly increased my state return (not enough to go through the headache of fixing it).
Last year, I needed an extension, as it was first time doing it myself and my situation was fairly complex.
W2 is usually available by mid January, with the standard deduction being so high thatβs all a lot of people need.
Got my W2, went to file, website wasn't ready lmao.
I don't think I've ever gotten my W2 before the end of January
It depends a lot on the company, my company usually has them by middle of the month. One year they got them out in the first or second week and I had my taxes done before the first half of January was over.
No I mostly have to wait for my banks to send out 1099ints so I end up doing state and federal taxes in early February now.
That's great, I'd love to have my docs that early! I think I had to wait til nearly the end of February for some of my 1099s this year.