Due to a holiday being observed in Washington D.C. this year, the tax filing deadline is actually April 18th, so there’s still time to use our last minute tax tips. If you have not filed your 2015 tax return, there is still time to gather all the necessary documents and paperwork in order to submit everything on time and avoid incurring penalties. Filing is the only way to get your tax refund, which can be used to pay off debts.
Last Minute Tax Tips
Thanks to the unusual holiday extension, you have an extra three days to file your federal taxes this year. It is important to make every effort to file even if you can’t get everything submitted by the 18th, because the penalty for not filing is worse than the penalty for filing late.
*Please note that state returns in Louisiana (LA) are still due on April 15th. All other state return deadlines are extended to April 18th or later. Find your state’s deadline here.
Utilize Online Resources
There are a number of online sources where you can find information and documents needed to file your taxes. The IRS website is a great place to start, but there are also a number of useful free tools available from tax service providers like efile.com, TurboTax, or H&R Block.
Tax Assistance Programs
If you feel uncertain about your tax return or have concerns about filing on your own, you may qualify for free government-funded services provided by IRS-certified volunteers willing to assist with filing. The Volunteer Income Tax Assistance (VITA) program offers free tax preparation to non-English speakers, persons with disabilities, or those who make less than $54,000 a year. There is also Tax Counseling for the Elderly for filers over the age of 60.
File for an Extension
If you don’t feel you’ll be able to prepare and file your taxes by April 18th, you can request an extension from the IRS. However, April 18th is the effective deadline for most individuals to pay taxes owed and avoid penalties and interest charges.
Hopefully these tax tips will help get your refund sooner. When you do finally get your tax refund, consider using that chunk of cash to pay off credit card debt or get ahead on other payments that may be due soon.
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!