Economy's impact on income taxes - Hawaii News Now - KGMB and KHNL

Economy's impact on income taxes

Dan O'Brien Dan O'Brien
Garrett Weir Garrett Weir

By Zahid Arab - bio | email

AIEA (KHNL) - With a dismal 2008, federal tax filers are getting innovative when it comes to their deductions. There's no doubt doing taxes can be a trying time and those feeling the effects of the sour economy are hoping creativity gets them sweet success in savings.

The sight of lady liberty bustin' a move means only one thing tax time.

Dan O'Brien is among the 2,000 customers expected at Aiea's Liberty Tax Service. He says taxes are nothing, he knows pain.

"I just got a root canal today so this is a little easier," said Pearl City resident Dan O'Brien.

Garrett Weir's says customers have their "ups" with returns up to $17,000 and downs. Some owe up to $6,000.

But this year, many are getting downright creative with deductions.

"We had a guy who tried to deduct his cost for Viagra, fortunately for him, it was a doctor prescribed drug so he got the deduction," said operations manager Garrett Weir.

Others are writing off pets, even diet plan supplies. Feeling the effects of the dismal 2008, those expecting refunds needed the money and filed months ago. But, experts say about 20% will wait until the last minute because they know they owe.

"A huge peak at the end because people have been holding off," said Weir.

For those professional procrastinators with their taxes still untouched, remember, midnight deadline day dances around fast.

Liberty Tax Service will be open around the clock April 13th through the 15th. The United States Postal Service is also extending its hours with 27-post offices across the state offering late collection on tax day.

The locations of the 27 Post Offices offering late collections are:

Oahu

Airport Main Post Office

Downtown Post Office

Ewa Beach Post Office

Haleiwa Post Office

Hawaii Kai Post Office

Kailua Post Office

Kaneohe Post Office

Kapalama Post Office

Laie Post Office

Makiki Post Office

Mililani Post Office

Waialae-Kahala Post Office

Waianae Post Office

Waikiki Post Office

Waipahu Post Office

Maui

Kahului Post Office

Kihei Post Office

Lahaina (Main) Post Office

Makawao Post Office

Pukalani Post Office

Wailuku Post Office

Hawaii

Hilo (Airport) Post Office

Kailua-Kona Post Office

Kamuela Post Office

Kauai

Lihue Post Office

Molokai

Kaunakakai Post Office

Lanai

Lanai City Post Office

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