Edited by Mikkel Hyldebrandt
Tax season can be one of the most stressful times of the year. Between gathering paperwork, filing forms, and bracing for the outcome, it’s no wonder many people feel overwhelmed. But don’t worry—whether you’re getting a refund or facing a bill, there are ways to navigate tax season without losing your sanity. Here’s your guide to getting through it in the best way possible.
1. Is It Okay to File an Extension?
Absolutely! If tax season has you breaking out in hives, filing for an extension is a perfectly legal and responsible option. The IRS allows individuals to request a six-month extension, giving you until October to file. However, keep in mind that an extension only applies to filing your return—it does NOT extend the deadline to pay any taxes you owe. If you think you might owe, consider making an estimated payment to avoid penalties and interest. Taking extra time to ensure accuracy is always better than rushing and making mistakes.
2. Will You Even Get a Refund This Year?
The days of expecting a big refund just for filing your taxes are fading for many people. With tax laws constantly evolving and economic conditions shifting, refunds may not be as generous as they once were. Factors such as changes in withholding, self-employment income, or reduced deductions can all impact your return. If you’re unsure about what to expect, consider using a tax calculator or consulting a professional to avoid any surprises.
3. Can You Plan a Trip With Your Tax Refund?
Tempting, right? If you’re expecting a refund, it’s easy to start daydreaming about using it for a well-deserved getaway. While there’s nothing wrong with treating yourself, make sure your financial priorities are in order first. Paying off high-interest debt, boosting your emergency fund, or investing in something meaningful (like a down payment or retirement savings) might be smarter moves. That said, if your finances are in good shape, go ahead and book that trip—you’ve earned it!
4. When Will You Get Your Refund (or Have to Pay Up)?
If you file electronically and choose direct deposit, most refunds arrive within 21 days of the IRS receiving your return. Paper filings take longer—sometimes up to six weeks. If you owe taxes, the deadline to pay is typically April 15. Late payments can result in penalties and interest, so if you’re short on cash, look into payment plans offered by the IRS to avoid unnecessary fees.
5. LGBTQ+ Considerations: Filing as a Married Couple and Deductions to Know About
For LGBTQ+ individuals, tax season can come with unique considerations. Since the 2015 Supreme Court decision legalizing same-sex marriage nationwide, married LGBTQ+ couples file their taxes just like any other married couple—either jointly or separately. Filing jointly often provides significant tax benefits, but it’s worth running the numbers both ways to see what works best for you.
Additionally, if you’re using assisted reproductive technology (ART) to grow your family, some related medical expenses may be tax-deductible. If you run an LGBTQ+ business or support LGBTQ+ causes, charitable donations and business expenses might also provide deductions. If you’re uncertain, a tax professional with experience in LGBTQ+ financial issues can be invaluable.
Final Thoughts: Don’t Let Taxes Ruin Your Spring
Tax season doesn’t have to be a nightmare. Whether you’re filing early, requesting an extension, or preparing for a payment, taking control of the process will reduce your stress. Plan wisely with any refund, and if you owe, tackle it head-on. And remember, there are always LGBTQ+-specific considerations that may impact your tax situation—so stay informed and take advantage of any benefits available to you. Once your taxes are filed, take a deep breath and move on to more exciting things—like planning how to enjoy the rest of the year stress-free!