PHOENIX — When is the last day to file taxes? Can you file online? What if you received an extension?
Whether you choose to file online or send in your returns in the mail, many software companies such as H&R Block and TurboTax provide online assistance, and there are local organizations that"almost everyone" qualifies for the standard dedication or an itemized deduction. For example, if you are an employee who made contributions to an IRA, HSA or FSA, you can deduct those contributions when preparing your Form 1040.
If you owe money and you miss the filing deadline, you could be subject to a late-filing penalty fee each month up to 5% of the unpaid balance, up to 25%, and a monthly penalty of 0.5% of your unpaid taxes for failure to pay on time, U.S. News & World Report said. The free 12News+ app from 12News lets users stream live events — including daily newscasts like"Today in AZ" and"12 News" and our daily lifestyle program,"Arizona Midday"—on
Taxes Tax Day Filing Online Extension Tax Preparation
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tax deadline day is approaching fast: Get 50% off QuickBooks OnlineThe tax deadline for filing is almost here, and if you're not ready to file, you're going to need some help. Learn how QuickBooks Online offers exactly that.
Source: DigitalTrends - 🏆 95. / 65 Read more »
Tax Day Approaching: What You Need to KnowWith just a few days left until Tax Day, Americans are seeing larger tax refunds this year. The IRS has already received over 90 million tax returns and processed more than 88 million. Find out about common tax relief exceptions and how to request a tax filing extension.
Source: fox43 - 🏆 564. / 51 Read more »
Tax Day Approaching: Penalties for Late Filing and PaymentWith Tax Day just around the corner, taxpayers who fail to file or pay their taxes on time may face costly penalties. The IRS imposes a failure-to-file penalty of 5% of the unpaid taxes for each month your return is late, with a maximum of 25% of the total balance due. Additionally, there is a failure-to-pay penalty of 0.5% per month, also capped at 25% of the total balance due. If both penalties are imposed, the IRS will reduce one by 0.5%.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Tax crunch time is here: what to do before Tax DayWith just days remaining until Tax Day, April 15, a tax expert shows what you should be doing this week.
Source: wrtv - 🏆 598. / 51 Read more »
Tax Filing Season Update: Average Refund Slightly Larger, Deadline ApproachingWith the April 15th deadline just around the corner, filings for this year's tax season are on track with last year's. However, the average refund is slightly larger. About a third of all taxpayers are expected to file their returns in the last two weeks before the deadline. Find out more about this year's tax filing season.
Source: NPR - 🏆 96. / 63 Read more »
Talking Taxes: Scripps News answers viewers' biggest tax questionsRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Source: 10News - 🏆 732. / 50 Read more »