The April 15th deadline to file your state and federal tax returns is just two days away. Have you filed yet? Have you gathered all your necessary paperwork and information? Are you even thinking about it yet? If not, don’t delay any longer. While filing your taxes can seem intimidating and tedious, it is absolutely necessary and it is not as hard as you think.
File Your Taxes
Even if you can’t afford to pay, you need to file the paperwork. The penalty for late payment is far less than the penalty for not filing a return at all. You’re way better off just filing a tax return than ignoring the issue.
Use the IRS Resources
The IRS offers resources to help you navigate the filing process and to resolve any issues you may have. You just need to contact them. Visit www.IRS.gov to find all the forms, guides, and resources you need.
Get Help Filing Your Taxes
If you’re not confident that you can file a tax return on your own, there are free services for those who qualify. The Volunteer Income Tax Assistance (VITA) program offers assistance to consumers who generally make less than $53,000 a year, are disabled, elderly, or speak limited English.
There is also the Tax Counseling for the Elderly (TCE) program for consumers over the age of 60. Both of the aforementioned programs are funded by government grants, and are provided by IRS-certified volunteers.
One more benefit that the IRS offers is the Earned Income Tax Credit (EITC). Working people with a low income may qualify to receive this tax credit, reducing the amount of tax that they owe.
Request a Tax Extension
Still unable to meet the deadline? You can request an extension from the IRS. Most individuals will need to file Form 4868. Get all the information you need at this IRS web page: Extension of time to file your tax return.
If you’re struggling with credit card debt or need help with budgeting, contact American Consumer Credit Counseling for a free counseling session. Call 800-769-3571 today!