Ga. tax collections dive 34.8 percent in February - WALB.com, Albany News, Weather, Sports

Ga. tax collections dive 34.8 percent in February

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By Wainwright Jeffers - bio | email

ALBANY, GA (WALB) - More troubling news when it comes to the state budget.

Georgia tax collections took a big dip last month. State money managers reported Friday that revenues went down 34.8 percent from the same time last year.

That adds up to $336 million, overall tax collections are down more than 7 percent for the fiscal year.

Governor Sonny Perdue has ordered deep spending cuts to make up the budget gap.

A lot people who are expecting to get a return are filing their taxes earlier and they're doing it themselves.

"Here at H&R Block we're seeing a lot less clients that we would like to see, in some offices we're higher but overall I see some people are trying to do their taxes at home," said Michaela Facemire.

The Georgia Department of Revenue has shipped out 48,000 more refund checks this February than it did last year.

"No I have not filed yet," said Phillip Jones, Webster County.

Some fearing may have to pay the state are waiting for the last minute.

"I don't like to do the paperwork, and if I have to pay taxes I want to keep my money as long as I can," said Jones.

Tax preparers say those who are waiting to file out of feat they'll have to pay can do it now and pay later.

"They think they have to pay it when they file it, but that's not true, they can wait until the deadline," said Facemire.

While some wait, and others hurry to get their refunds, doing it themselves experts say you may miss out on credits and breaks you may not know about.

"There are so many tax changes year after year, so sometimes people think they don't qualify for certain, tax breaks, credits or deductions," said Facemire.

At H&R block they expect things to pick up the final two weeks before the April deadline.

Bringing them more business, and the state the revenue they desperately need.

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