The IRS has already received more than 91 million individual tax returns
It’s coming down to the wire on taxes across the country, with Monday, April 18, marking the last day to file your income taxes — for most people, at least.
In a country as big as America with a tax code as complicated as ours, there are going to be exceptions to the rule. This year’s no different. A taxpayer who cannot pay in full by the deadline can arrange an installment plan, but the IRS says it’s a good idea to pay whatever amount of estimated taxes you think you owe. That can shrink the amounts a person will have to pay in interest and penalties on the remainder.
“For those taxpayers that may be waiting on additional state information to complete their returns, it might make sense to go ahead and file the federal return and file an extension for state tax purposes until a full and accurate return can be completed,” Shannonhouse said. She reiterated the point that extensions do not give taxpayers more time to pay up.
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