What happens if you file your taxes late? The IRS filing deadline is April 15, but you can request an extension if you can't file on time. Requesting an extension helps you avoid late filing penalties, but you still have to pay any taxes you owe on time
Hello, I’m Nick from TurboTax with four tax tips that can help when filing for multiple jobs. Tip #1:You may find you owe more than you thought, so to be on the safe side, it’s always good to put a little extra money aside to prepare. The taxes withheld from your paych...
Options for filing taxes include getting free help from the IRS, paying for tax software, or hiring a pro. Whether you go solo or with a tax pro, the IRS says you'll get a refund faster (if you're owed one) by filing electronically and including your direct deposit information.For...
How – and how much – people and corporations pay in taxes is expected to change under Trump. Erica SandbergJan. 28, 2025 Airport Costs to Splurge On and Avoid When done right, airport spending can make your travel experience far better. ...
"If you wait too long to file a refund return, you lose the refund," noted Nina Olson, founder of the Center for Taxpayer Rights and the former National Taxpayer Advocate. "So, even if you had a refund from one year that you could apply to another [year when you owe taxes], if yo...
though — you can claim 50% of the self-employment taxes you owe as a tax deduction. TaxAct can help you claim this deduction when you file your small business taxes with us. Our tax prep software can also help you calculate the amount of SE tax you should send to the IRS each quart...
When you just can't with your taxes, check into getting help from a VITA or TCE volunteer. (Photo by Nataliya Vaitkevich) Even simple taxes can be confusing. So it’s a relief when a reputable, knowledgeable person can help you file. But what if you can’t afford a tax professional...
Only choose single if you're an unmarried person with no dependents. The benefits of the single tax filing status is that if you earn a lot, you could owe less taxes. When you get into the highest tax brackets, you might wind up in a higher tax bracket as a married couple faster...
When you file for an extension, you don't need to explain why you're doing so. Does the IRS Penalize You for Filing an Extension? No, the IRS does not penalize you for filing an extension. If you owe taxes, however, you need to pay them on the regular tax due date, which is us...
Take every write-off to which you're legitimately entitled. Tell the IRS how you want to receive your refund or be sure to pay your bill correctly if you owe taxes so the payment is properly credited to you.1 Common Tax Filing Mistakes ...