Americans have two extra days to file their income taxes this year
16 April, 2018, 11:42 | Author: Regina Silva
If you haven't filed yet, experts say you need to file for an extension.
AARP Foundation tax service also offers free tax assistance for people 50 years and older who can't afford a tax preparation to file federal and Arizona returns. A tax extension gives you an additional six months to file your taxes. They say they will not initially contact you through email, text, social media or the phone.
Thanks to the calendar and a law that prohibits tax deadlines from being on holidays, you have two extra days to file.
If a taxpayer is requiring more time to file taxes, they can apply for a 6-month extension by filling out Form 204 by Tuesday.
Credit Karma Tax GM explained that there is a "good chance that the perceived complexities of reporting cryptocurrency gains are pushing filers to wait until the very last minute". "This penalty is larger than for not paying any balance due", advised Gil Charney, director at The Tax Institute at H&R Block.
If you're getting a refund, the IRS would like you to file on time. If you file by mail, as long as your return is postmarked before the deadline, it will be accepted. They claim to the the IRS and looking for money. Go back and look at what you paid in taxes past year, including both withholdings and any payments you made (including estimated quarterly payments as well as payments you made last April).
"As long as you pay 100% of your 2016 tax liability - 110% for higher income taxpayers - you will not owe a penalty on your 2017 return", Jaeger said.
To find out how much you have to pay, you can use the payment estimator provided by the IRS on their website.
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