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Good Question: Why do people procrastinate when it comes to filing their taxes?

Is Uncle Sam is calling your name?

The tax deadline is a week away on April 18th, have you been putting it off?

Good Question: Why do people procrastinate when it comes to filing their taxes?

Tax season is winding down, for many the rush is on.

It's a chore many of us would rather not do, in fact Turbo Tax says 27% of their customers say they would rather be doing anything else.

Statistics show that 20% of men and women are procrastinators and that's not good when it comes to filing your taxes with Uncle Sam.

Psychologists believe some tax payers procrastinate simply for the thrill of it.

Whatever the reason its something that has to be done.

Justin Eckhouse is like 70% of Americans this year, he's filing his taxes electronically.

"I don't have to make an appointment, I can wait til the last minute, I can do it at home in my pajamas if I want," said Eckhouse.

For those that take a bit longer to get going on preparing their taxes, E-filing is the norm.

It also can help procrastinators be ready for next year.

"The two main benefits for filing electronically are that the software will save your information year to year and that you're much more likely to get your return faster," said Jessica Dolcourt, CNET Senior Associate Editor.

What if you still can't get it together by d-day?

The IRS says you will need to file an extension.

You must fill out form 4868 found on the IRS website.

You must also pay 90%t of what you think you will owe by April 18t.

Paying the 90% helps you avoid penalties.

The new deadline to finish paying is October 17th, six months away.

You can also opt to pay via an installment plan, you will pay interest though.


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