Tax Deadline Tips

Time is ticking to file taxes. This year's tax deadline is April 17th, which is tomorrow. The deadline was pushed back because April 15th fell on Sunday and today is a holiday in the District of Columbia. With one full day left to file, there are some last minute things to remember.

For 16 years, Lynda Hand with H&R Block has been preparing taxes for Patsy House and her family.

'They're very special people to me and they're very detailed and very good customers to work with,' says Hand.

'I'm surely glad to get this done and get this over with,' says Patsy House. 'It's like a burden has been lifted. Ha..ha...ha...'

Like many others who file this time of year, Patsy House's taxes are more complicated.

When it comes to filing taxes, officials at H&R Block say their busiest time is in the month of February. That's when many people file who are going to get money back. This close to the deadline they say the people filing are often those who owe money; that's why many returns being filed right now are more complicated.

For people filing this late, H&R Block Office Manager, Barbara Matthews says filing electronically can save time and money.

'Number one, there are less hands on the paperwork if you file electronically. It goes from here just directly to the IRS and there's less likelihood of error on those returns and you're assured that it gets there.'

Matthews says there's something important people who plan to file for an extension must remember.

'You know extensions are a time to file the tax returns and get the necessary paperwork into the IRS and to the state, but it does not give you extra time to pay the balance due.'

For people who do file for an extension, but fail to send in money owed to the IRS by tomorrow, Matthews says interest will be added to the balance starting Wednesday. Ultimately she says this will result in the unnecessary loss of time and money.

Unlike in previous years, most taxpayers now file electronically. Last year 77% of all individual tax returns were e-filed. Electronic filing started in 1990. Since then IRS officials say the agency has securely processed more than one billion individual tax returns nationwide.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTOK-TV 815 23rd Ave Meridian, Ms. 39301 Phone: (601) 693-1441
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 147617725 - wtok.com/a?a=147617725