If, for some reason, you are not able to file your federal tax return on time, you can request anautomatic six-month tax extensionto October 15, 2024, by filingForm 4868or making an electronic tax payment. To get an extension, you have to act by theoriginaldue date for your return, ...
The IRS kicked off the new tax filing season on January 29, which means that taxpayers will have between that date and April 15 to file their returns. If you need more time, you can request an extension, which gives you until mid-October to file. Residents of Maine and Massachusetts have...
Note that you can always file for an extension, but an extension of time tofiledoesn’t give you an extension of time topay. You’ll start accruing interest and penalties immediately after the May 17th tax filing deadline if you owe taxes. You can avoid the interest as long as you pay...
The law gives taxpayers who fail to file their income taxes three years to submit a return and claim a refund. Generally, the three-year countdown starts on the due date of the return, including extensions.
According to the Internal Revenue Service, 20-25% of all Americans wait until the last two weeks before the deadline to prepare their tax returns. At that late date, there are only two things you can do: File your taxes pronto, or request a tax extension
Kathleen PeddicordDec. 16, 2024 Bill Would Repeal Social Security Taxes A bill has been introduced to eliminate taxes on Social Security benefits. Maryalene LaPonsieDec. 13, 2024 2025 Changes to IRA RMDs New withdrawal requirements for inherited IRAs create tax planning challenges for benefici...
Sign your form:It might seem obvious, but if you leave your signature and date off a paper return, the IRS may return your form. Both spouses must sign if you're filing a joint return. If you paid a professional, they have to sign it, too, and enter their Preparer Tax Identification...
881,000 File for Jobless Claims More Stephanie Keith|Getty Images The Labor Department reported Thursday that 881,000 Americans filed initial unemployment claims last week. The number of people filing initial jobless claims dropped last week to 881,000 in what is the latest sign that the labor...
Students can apply for scholarships, find a summer job or create a side-hustle to make extra money for college.
3. Select only one filing status on your tax return Check only one filing status. Make sure it is the status that gives you the most tax advantage. 4. Count all your allowable exemptions You claim one exemption for each dependent that you put on your tax return. Exemptions result in a ...