TODAY IS TAX DAY! As of April 9, some 50 million Americans had yet to file their returns. Here's what to do if you need more time.
Plenty of Americans leave their taxes until the last possible week. In a typical year, between 15 and 20 million people file their tax returns the last week before Tax Day, while another 20 million file after the due date.
Residents of Maine and Massachusetts get one extra day to file — until April 19 — because of those states' recognition of Patriots Day on April 18. Also, military service members or support personnel in combat zones have more time to file. They have at least 180 days, or about six months, after they leave the combat zone to file their tax returns and pay any tax due, the IRS notes. A list of designated combat zones isU.S. citizens and resident aliens working abroad also have until June 15 to file their returns and pay taxes due, although any unpaid taxes will accrue interest at the rate of 4%, componded daily, after April 18.
For instance, if you estimate that you owe $10,000 but end up actually owing $11,000, you'll be charged an underpayment penalty. But it will be less painful to face an underpayment penalty for $1,000 rather than the entire $11,000 that you owe, Bronnenkant noted. If it turns out the IRS owes you money, you'll have to wait until after the IRS processes your tax return for the refund.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Taxes 2022: Here's how to get a filing extension from the IRSFor the past two years, the IRS has extended the tax filing deadline because of the COVID-19 pandemic — giving Americans extra breathing room to wrap up their returns. But Americans who want an extension in 2022, have to request it themselves. Here's how:
Les mer »
Tax Day 2022: Deadline to file is Monday — what to know if you need an extensionWhat time is the tax deadline for April 18, 2022? How can I file an extension? Here is what you need to know about last-minute filing and six-month extensions.
Les mer »
Struggling to get your taxes done? Opt for an extension over rushing on deadline dayMonday is Tax Day — the federal deadline for individual tax filing and payments — and the IRS expects to receive tens of millions of last-minute filings...
Les mer »
Here’s what to know on Tax Day if you still haven’t filed your returnApril 18 is the 2021 federal tax deadline for most Americans. Here's what to know before filing an extension or sending your return.
Les mer »
It’s Tax Day - What’s The Best Way to E-file Or Get A Tax ExtensionFintech companies like H&R Block and Intuit are making a boatload off your suffering. Just take that into account as you muddle through this year’s filings.
Les mer »