It's deadline day to file your taxes

Tax Day Specials in South Florida

Courtesy of the Anderson

Any taxes due that haven't been paid by Tuesday at 11:59 p.m., will be assessed a penalty of 0.5 percent per month.

If you woke up in a panic realizing that today is April 15, relax. "So they just didn't file and that's probably the worst thing you can do". And with Emancipation Day observed in Washington D.C. on Monday, the deadline fell on April 17. In all it costs us somewhere between $140 billion and $215 billion per year in time and money to file taxes.

Rauschenberger says electronic filing helps maximize peoples refunds. This recent development is likely to steer to taxpayers toward for-profit tax preparers, who offer refund anticipation loans that allow a taxpayer to receive cash before the tax return is processed.

It's quicker than dropping something in the mail. It can be accessed at the IRS website at "This year, we're bringing back a fan-favorite deal for an extended period, providing families the flexibility to enjoy a meal both parents and kids are guaranteed to love".

Noodles & Co. will offer $4 off orders of $10 or more through Wednesday. Some even misspell their own names.

How has the IRS been handling taxpayers' phone calls? Volunteer Income Tax Assistance Program (VITA) program director Genevieve Anderson said nearly 5,000 people have sought help this year from the United Way's free tax service program.

Scammers claiming to work for the IRS are getting more advanced, calling vulnerable individuals, asking for specific personal information. TurboTax now offers live on-demand video to communicate with a credentialed CPA or enrolled agent who can answer your questions.

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Economists also predicted annual consumer inflation to be 2.3 percent this year, unchanged from the estimate in January. First quarter infrastructure investment rose 13 percent on year, but eased slightly from January-February.

"While you can extend the time to file your taxes, the government still does expect you to make a payment to what your estimated tax liability may be".

"You want to get those taxes filed on time so you don't get a penalty for being late", Dejean said.

But bear in mind - even if the IRS grants you more time, you still need to pay the taxes you owe by April 17. You can schedule a payment in advance to pay your tax directly from your checking or savings account. You can also ask about other repayment methods or forgiveness by contacting the IRS.

There are a number of reasons low-income households receive such large income tax refunds.

You can file for a free extension with the IRS here or submit form 4868 either electronically or on paper.

In the US tax season has arrived and many American cryptocurrency proponents are squirming because they have to pay for some of the gains they made previous year. And identity theft remains a common problem.

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